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

Cash Savings

Product:

Average Rate (%):

ANDREWS FEDERAL CREDIT UNION Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

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
$8,120 over 10 years

Cash Savings $20,000

Average Interest Earned $794

ANDREWS FEDERAL CREDIT UNION Interest Earned $8,913

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

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%

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 ANDREWS FEDERAL CREDIT UNION with 5.05% APY and $10,000 minimum deposit