Compound Interest Calculator
CD 5-year Account from ST. PAUL with 4.50% APY and $1,000 minimum deposit

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The product CD 5-year Account from ST. PAUL with 4.50% 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 $31,059. The interest earned would be $11,059 and the tax amount on the interest earned would be approximately $3,318.

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 ST. PAUL

Savings Boost of
$6,396 over 10 years

Cash Savings $20,000

Average Interest Earned $1,346

ST. PAUL Interest Earned $7,742

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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

ST. PAUL Scenario

	Rate: 4.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	900	630
2	20,900	941	658
3	21,841	983	688
4	22,823	1,027	719
5	23,850	1,073	751
6	24,924	1,122	785
7	26,045	1,172	820
8	27,217	1,225	857
9	28,442	1,280	896
10	29,722	1,337	936
	TOTAL:	$11,059	$7,742

Take Action

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 30, 2023	4.50%
August 20, 2023	3.25%

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Compound Interest Calculator CD 5-year Account from ST. PAUL with 4.50% APY and $1,000 minimum deposit