Compound Interest Calculator
CD 5-year Account from The Bank of Missouri with 3.18% APY and $500 minimum deposit

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The product CD 5-year Account from The Bank of Missouri with 3.18% APY and $500 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 $27,352. The interest earned would be $7,352 and the tax amount on the interest earned would be approximately $2,206.

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 The Bank of Missouri

Savings Boost of
$3,799 over 10 years

Cash Savings $20,000

Average Interest Earned $1,347

The Bank of Missouri Interest Earned $5,146

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	185	129
2	20,185	186	130
3	20,371	188	132
4	20,559	190	133
5	20,749	192	134
6	20,940	193	135
7	21,133	195	137
8	21,329	197	138
9	21,525	199	139
10	21,724	201	140
	TOTAL:	$1,925	$1,347

The Bank of Missouri Scenario

	Rate: 3.18%	Annual Interest	Annual Interest (After Tax)
1	20,000	636	445
2	20,636	656	459
3	21,292	677	474
4	21,969	699	489
5	22,668	721	505
6	23,389	744	521
7	24,133	767	537
8	24,900	792	554
9	25,692	817	572
10	26,509	843	590
	TOTAL:	$7,352	$5,146

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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
September 20, 2025	3.18%
March 14, 2025	3.44%

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Compound Interest Calculator CD 5-year Account from The Bank of Missouri with 3.18% APY and $500 minimum deposit