The product CD 4-year Account from South State Bank with 0.55% APY and $100,000 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 $21,128. The interest earned would be $1,128 and the tax amount on the interest earned would be approximately $338.
Please note that this product is available in North Carolina and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.95% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 190 | 133 |
| 2 | 20,190 | 192 | 135 |
| 3 | 20,383 | 194 | 136 |
| 4 | 20,577 | 196 | 137 |
| 5 | 20,773 | 198 | 138 |
| 6 | 20,970 | 200 | 140 |
| 7 | 21,170 | 202 | 141 |
| 8 | 21,371 | 203 | 142 |
| 9 | 21,575 | 205 | 144 |
| 10 | 21,780 | 207 | 145 |
| TOTAL: | $1,988 | $1,391 |
| Rate: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 110 | 77 |
| 2 | 20,110 | 111 | 77 |
| 3 | 20,221 | 111 | 78 |
| 4 | 20,332 | 112 | 78 |
| 5 | 20,444 | 112 | 79 |
| 6 | 20,556 | 113 | 79 |
| 7 | 20,669 | 114 | 80 |
| 8 | 20,783 | 114 | 80 |
| 9 | 20,897 | 115 | 80 |
| 10 | 21,012 | 116 | 81 |
| TOTAL: | $1,128 | $789 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
6.00% |
$5,000 |
Learn More | |
|
5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%. |
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|
|
5.51% |
$25,000 |
Learn More | |
|
Last change: ↓0.15% on May 13. |
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|
|
5.49% |
$50,000 |
Learn More | |
|
Last change: ↑0.09% on March 12. |
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|
|
5.46% |
$1,000 |
Learn More | |
|
Last change: ↓0.05% on May 9. |
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|
|
5.45% |
$1,000 |
Learn More | |
|
Last change: ↑0.05% on June 3. |
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Customer Reviews for South State Bank
AC
September 8, 2021 |
Refused to remove their fraudulent inquiry from my credit report. I had never heard of the bank before, and refuse to ever do business with them in the future.
Is this review helpful? Yes:0 / No: 1
Maurice Jernigan
March 22, 2019 |
I had a 30 no. CD that matured Mar.09 when I moved my money to another bank they charged $50. transfer fee which was 4 equaled 4 months interest very unfair hidden charge!!!!
Is this review helpful? Yes:0 / No: 0
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