Compound Interest Calculator
CD 2-year Account from AMERICAN AIRLINES with 2.99% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from AMERICAN AIRLINES with 2.99% APY and $10,000 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 $26,852. The interest earned would be $6,852 and the tax amount on the interest earned would be approximately $2,056.

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
$3,849 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
AMERICAN AIRLINES Interest Earned $4,797

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

AMERICAN AIRLINES Scenario

Rate:
2.99%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 598 419
2 20,598 616 431
3 21,214 634 444
4 21,848 653 457
5 22,501 673 471
6 23,174 693 485
7 23,867 714 500
8 24,581 735 514
9 25,316 757 530
10 26,073 780 546
TOTAL: $6,852 $4,797

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 2.99%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↑3.00% on August 7.

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for American Airlines


  • June 12, 2017 |

    Savings Rates

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


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