Compound Interest Calculator
ALLEGACY with 2.30% APY and $500,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

ALLEGACY Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product ALLEGACY with 2.30% APY and $500,000 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 $25,107. The interest earned would be $5,107 and the tax amount on the interest earned would be approximately $1,532.

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 ALLEGACY

Savings Boost of
$3,256 over 10 years

Cash Savings $20,000

Average Interest Earned $318

ALLEGACY Interest Earned $3,575

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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,090	45	32
4	20,135	45	32
5	20,181	45	32
6	20,226	46	32
7	20,272	46	32
8	20,317	46	32
9	20,363	46	32
10	20,409	46	32
	TOTAL:	$455	$318

ALLEGACY Scenario

	Rate: 2.30%	Annual Interest	Annual Interest (After Tax)
1	20,000	460	322
2	20,460	471	329
3	20,931	481	337
4	21,412	492	345
5	21,904	504	353
6	22,408	515	361
7	22,924	527	369
8	23,451	539	378
9	23,990	552	386
10	24,542	564	395
	TOTAL:	$5,107	$3,575

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
April 2, 2024	2.30%

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 ALLEGACY with 2.30% APY and $500,000 minimum deposit