Compound Interest Calculator
CD Account from State Bank of Texas with 0.95% APY

Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.

Use or Change these Amounts And Rates

The Results for State Bank of Texas

Savings Boost of
$779 over 10 years
Cash Savings $20,000
Average Interest Earned $609

 
State Bank of Texas Interest Earned $1,388

 

 

See comparison detail table

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:
0.43%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 85 60
2 20,085 86 60
3 20,171 86 60
4 20,257 86 61
5 20,344 87 61
6 20,431 87 61
7 20,518 88 61
8 20,606 88 62
9 20,693 88 62
10 20,782 89 62
TOTAL: $871 $609

State Bank of Texas Scenario

Rate:
0.95%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 190 133
2 20,190 192 134
3 20,382 194 136
4 20,575 195 137
5 20,771 197 138
6 20,968 199 139
7 21,167 201 141
8 21,369 203 142
9 21,572 205 143
10 21,776 207 145
TOTAL: $1,983 $1,388

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.