Compound Interest Calculator
CD 1-year Account from Amalgamated Bank of Chicago with 0.09% APY and $1,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Amalgamated Bank of Chicago Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from Amalgamated Bank of Chicago with 0.09% 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 $20,181. The interest earned would be $181 and the tax amount on the interest earned would be approximately $54.

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

The Results for Amalgamated Bank of Chicago

Savings Boost of
$-667 over 10 years

Cash Savings $20,000

Average Interest Earned $794

Amalgamated Bank of Chicago Interest Earned $127

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	111	77
2	20,111	111	78
3	20,222	112	78
4	20,334	112	79
5	20,446	113	79
6	20,559	114	80
7	20,673	114	80
8	20,787	115	80
9	20,902	116	81
10	21,018	116	81
	TOTAL:	$1,134	$794

Amalgamated Bank of Chicago Scenario

	Rate: 0.09%	Annual Interest	Annual Interest (After Tax)
1	20,000	18	13
2	20,018	18	13
3	20,036	18	13
4	20,054	18	13
5	20,072	18	13
6	20,090	18	13
7	20,108	18	13
8	20,126	18	13
9	20,144	18	13
10	20,163	18	13
	TOTAL:	$181	$127

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^?
My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
Norwood Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.
Bask Bank, a division of Texas Capital Bank	4.90%	$1,000	Learn More
Last change: ↓0.10% on October 1.

Compound Interest Calculator CD 1-year Account from Amalgamated Bank of Chicago with 0.09% APY and $1,000 minimum deposit