Compound Interest Calculator
CD 1-year Account from ANDREWS FEDERAL CREDIT UNION with 5.05% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from ANDREWS FEDERAL CREDIT UNION with 5.05% 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 $32,733. The interest earned would be $12,733 and the tax amount on the interest earned would be approximately $3,820.

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 ANDREWS FEDERAL CREDIT UNION

Savings Boost of
$8,123 over 10 years
Cash Savings $20,000
Average Interest Earned $791

 
ANDREWS FEDERAL CREDIT UNION Interest Earned $8,913

 

 

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 20,000 110 77
2 20,110 111 78
3 20,221 111 78
4 20,332 112 78
5 20,444 113 79
6 20,557 113 79
7 20,670 114 80
8 20,784 115 80
9 20,899 115 81
10 21,014 116 81
TOTAL: $1,130 $791

ANDREWS FEDERAL CREDIT UNION Scenario

Rate:
5.05%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,010 707
2 21,010 1,061 743
3 22,071 1,115 780
4 23,186 1,171 820
5 24,356 1,230 861
6 25,586 1,292 904
7 26,879 1,357 950
8 28,236 1,426 998
9 29,662 1,498 1,049
10 31,160 1,574 1,101
TOTAL: $12,733 $8,913

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 24, 2023 5.05%


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