Compound Interest Calculator
CD Account from Waypoint Bank with 0.55% APY

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The product CD Account from Waypoint Bank with 0.55% 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 $21,128. The interest earned would be $1,128 and the tax amount on the interest earned would be approximately $338.

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 Waypoint Bank

Savings Boost of
$-292 over 10 years

Cash Savings $20,000

Average Interest Earned $1,082

Waypoint Bank Interest Earned $789

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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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	149	105
2	20,149	151	105
3	20,300	152	106
4	20,452	153	107
5	20,604	154	108
6	20,758	155	109
7	20,913	156	109
8	21,070	157	110
9	21,227	159	111
10	21,385	160	112
	TOTAL:	$1,545	$1,082

Waypoint Bank Scenario

	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

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.

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Compound Interest Calculator CD Account from Waypoint Bank with 0.55% APY