Compound Interest Calculator
CD 1-year Account from AFFINITY with 0.20% APY and $100,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

AFFINITY Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from AFFINITY with 0.20% APY and $100,000 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 $20,404. The interest earned would be $404 and the tax amount on the interest earned would be approximately $121.

Please note that this product is available in Iowa and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for AFFINITY

Savings Boost of
$-508 over 10 years

Cash Savings $20,000

Average Interest Earned $791

AFFINITY Interest Earned $283

Compare

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	110	77
2	20,110	111	78
3	20,221	111	78
4	20,332	112	78
5	20,444	113	79
6	20,557	113	79
7	20,670	114	80
8	20,784	115	80
9	20,899	115	81
10	21,014	116	81
	TOTAL:	$1,130	$791

AFFINITY Scenario

	Rate: 0.20%	Annual Interest	Annual Interest (After Tax)
1	20,000	40	28
2	20,040	40	28
3	20,080	40	28
4	20,120	40	28
5	20,160	40	28
6	20,201	40	28
7	20,241	40	28
8	20,282	41	28
9	20,322	41	28
10	20,363	41	29
	TOTAL:	$404	$283

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.
My e-Banc, a division of Bradesco BAC Florida Bank	4.70%	$50,000	Learn More
Last change: ↓0.10% on December 29. 6 Month Jumbo CD.
Rising Bank, a division of Midwest BankCentre	4.70%	$1,000	Learn More
Last change: ↑0.70% on December 7.
Bread Savings, a division of Bread Financial	4.65%	$1,500	Learn More
Last change: ↓0.05% on December 4.
OneLocal Bank	4.65%	$10,000	Learn More
Last change: ↓0.25% on December 23.

Compound Interest Calculator CD 1-year Account from AFFINITY with 0.20% APY and $100,000 minimum deposit