Compound Interest Calculator
CD 5-year Account from AMERICAN AIRLINES with 3.14% APY and $25 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from AMERICAN AIRLINES with 3.14% APY and $25 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 $27,246. The interest earned would be $7,246 and the tax amount on the interest earned would be approximately $2,174.

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 AIRLINES

Savings Boost of
$3,737 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
AMERICAN AIRLINES Interest Earned $5,072

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

AMERICAN AIRLINES Scenario

Rate:
3.14%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 628 440
2 20,628 648 453
3 21,276 668 468
4 21,944 689 482
5 22,633 711 497
6 23,343 733 513
7 24,076 756 529
8 24,832 780 546
9 25,612 804 563
10 26,416 829 581
TOTAL: $7,246 $5,072

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 25, 2024 3.14%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.



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  • June 12, 2017 |

    Savings Rates

    five star......great location...fast service


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