Compound Interest Calculator
CD Account from Southern Bank of Tennessee with 0.74% APY

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The product CD Account from Southern Bank of Tennessee with 0.74% APY 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 $21,530. The interest earned would be $1,530 and the tax amount on the interest earned would be approximately $459.

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

The Results for Southern Bank of Tennessee

Savings Boost of
$130 over 10 years

Cash Savings $20,000

Average Interest Earned $942

Southern Bank of Tennessee Interest Earned $1,071

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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: 0.65%	Annual Interest	Annual Interest (After Tax)
1	20,000	131	91
2	20,131	131	92
3	20,262	132	93
4	20,394	133	93
5	20,528	134	94
6	20,662	135	94
7	20,797	136	95
8	20,932	137	96
9	21,069	138	96
10	21,207	138	97
	TOTAL:	$1,345	$942

Southern Bank of Tennessee Scenario

	Rate: 0.74%	Annual Interest	Annual Interest (After Tax)
1	20,000	148	104
2	20,148	149	104
3	20,297	150	105
4	20,447	151	106
5	20,599	152	107
6	20,751	154	107
7	20,905	155	108
8	21,059	156	109
9	21,215	157	110
10	21,372	158	111
	TOTAL:	$1,530	$1,071

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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.

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Compound Interest Calculator CD Account from Southern Bank of Tennessee with 0.74% APY