Compound Interest Calculator
CD 1-year Account from ADDITION FINANCIAL with 3.71% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from ADDITION FINANCIAL with 3.71% 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 $28,790. The interest earned would be $8,790 and the tax amount on the interest earned would be approximately $2,637.

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 ADDITION FINANCIAL

Savings Boost of
$5,358 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
ADDITION FINANCIAL Interest Earned $6,153

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

ADDITION FINANCIAL Scenario

Rate:
3.71%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 742 519
2 20,742 770 539
3 21,512 798 559
4 22,310 828 579
5 23,137 858 601
6 23,996 890 623
7 24,886 923 646
8 25,809 958 670
9 26,767 993 695
10 27,760 1,030 721
TOTAL: $8,790 $6,153

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
September 22, 2024 3.71%
August 31, 2024 3.76%
August 21, 2024 3.61%
August 7, 2024 3.30%
April 23, 2024 4.59%
April 15, 2024 4.44%
March 14, 2024 4.59%
February 23, 2024 4.85%
February 6, 2024 5.12%
January 19, 2024 4.80%
December 19, 2023 5.00%
December 15, 2023 5.01%
November 28, 2023 4.96%
November 21, 2023 4.85%
November 10, 2023 4.80%
November 3, 2023 4.85%
October 31, 2023 5.12%
October 3, 2023 3.56%
August 19, 2023 3.04%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.