Compound Interest Calculator
CD 5-year Account from Republic Bank of Arizona with 4.04% APY and $1,000 minimum deposit

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The product CD 5-year Account from Republic Bank of Arizona with 4.04% APY and $1,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $29,719. The interest earned would be $9,719 and the tax amount on the interest earned would be approximately $2,916.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

Our records indicate that this institution has been acquired by PIMA.

The Results for Republic Bank of Arizona

Savings Boost of
$5,458 over 10 years

Cash Savings $20,000

Average Interest Earned $1,346

Republic Bank of Arizona Interest Earned $6,803

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This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

	Rate: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	184	129
2	20,184	186	130
3	20,371	188	131
4	20,558	190	133
5	20,748	191	134
6	20,939	193	135
7	21,132	195	136
8	21,327	197	138
9	21,524	198	139
10	21,722	200	140
	TOTAL:	$1,922	$1,346

Republic Bank of Arizona Scenario

	Rate: 4.04%	Annual Interest	Annual Interest (After Tax)
1	20,000	808	566
2	20,808	841	588
3	21,649	875	612
4	22,523	910	637
5	23,433	947	663
6	24,380	985	689
7	25,365	1,025	717
8	26,390	1,066	746
9	27,456	1,109	776
10	28,565	1,154	808
	TOTAL:	$9,719	$6,803

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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

Recent Rate Changes

Date	APY
August 19, 2023	4.04%

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Compound Interest Calculator CD 5-year Account from Republic Bank of Arizona with 4.04% APY and $1,000 minimum deposit