State Bank of Park Rapids

Deposit Calculator

Use this Calculator to view different investment strategies!

First, fill in the first 4 columns:

Goal - In dollars, enter the amount you would like to have at the end of your investment period.
Initial Capital - In dollars, how much money are you going to be starting with.
Monthly Investment - In dollars, how much money will you be investing each month after you make your initial capital investment.
Interest Rate - Enter the interest rate your money will be invested at. i.e. 5% - enter 5; 5 1/4% - enter 5.25.

Then, hit CALC to see:

Years to Your Goal - How long it will take to get to "Your Goal."
Your Investment Gain in $$ - The gain in dollars your investment will make.

MY INVESTMENT
ENTER Your $$ Goal HERE	ENTER Your Initial Capital $$ HERE	ENTER Your Monthly Investment HERE	ENTER Your Interest Rate % HERE	Get My Results!	Oops! Clear my entries.	Years To Your Goal	Your Investment Gain in $$

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HIGHER LEARNING FUND
APY	Interest Rate
4.06 %	4.00 %
CERTIFICATES OF DEPOSIT
APY	Interest Rate	Term
2.37 %	2.35 %	6 Month
2.78 %	2.75 %	12 Month
2.88 %	2.85 %	24 Month

For Terms & Additional Info, Click Here

(APY=Annual Percentage Yield)

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