Compound Interest Calculator
CD 3-year Account from AMERICAN 1 with 4.35% APY and $500 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

AMERICAN 1 Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 3-year Account from AMERICAN 1 with 4.35% APY and $500 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 $30,616. The interest earned would be $10,616 and the tax amount on the interest earned would be approximately $3,185.

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 AMERICAN 1

Savings Boost of
$6,345 over 10 years

Cash Savings $20,000

Average Interest Earned $1,086

AMERICAN 1 Interest Earned $7,432

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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	150	105
2	20,150	151	106
3	20,301	152	107
4	20,453	153	107
5	20,607	155	108
6	20,761	156	109
7	20,917	157	110
8	21,074	158	111
9	21,232	159	111
10	21,391	160	112
	TOTAL:	$1,552	$1,086

AMERICAN 1 Scenario

	Rate: 4.35%	Annual Interest	Annual Interest (After Tax)
1	20,000	870	609
2	20,870	908	635
3	21,778	947	663
4	22,725	989	692
5	23,714	1,032	722
6	24,745	1,076	753
7	25,822	1,123	786
8	26,945	1,172	820
9	28,117	1,223	856
10	29,340	1,276	893
	TOTAL:	$10,616	$7,432

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
October 18, 2023	4.35%

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.
Valley Direct, a division of Valley National Bank	5.00%	$500	Learn More
Last change: ↑3.00% on August 7.
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.

Compound Interest Calculator CD 3-year Account from AMERICAN 1 with 4.35% APY and $500 minimum deposit