Compound Interest Calculator
CD 5-year Account from Bank of Newington with 1.33% APY and $10,000 minimum deposit

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The product CD 5-year Account from Bank of Newington with 1.33% 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 $22,825. The interest earned would be $2,825 and the tax amount on the interest earned would be approximately $847.

Please note that this product is available in Georgia and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Bank of Newington

Savings Boost of
$639 over 10 years

Cash Savings $20,000

Average Interest Earned $1,338

Bank of Newington Interest Earned $1,977

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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	130
3	20,368	187	131
4	20,555	188	132
5	20,744	190	133
6	20,934	192	134
7	21,126	194	136
8	21,320	196	137
9	21,515	197	138
10	21,712	199	139
	TOTAL:	$1,912	$1,338

Bank of Newington Scenario

	Rate: 1.33%	Annual Interest	Annual Interest (After Tax)
1	20,000	266	186
2	20,266	270	189
3	20,536	273	191
4	20,809	277	194
5	21,085	280	196
6	21,366	284	199
7	21,650	288	202
8	21,938	292	204
9	22,230	296	207
10	22,525	300	210
	TOTAL:	$2,825	$1,977

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.

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Compound Interest Calculator CD 5-year Account from Bank of Newington with 1.33% APY and $10,000 minimum deposit