Compound Interest Calculator
CD 1-year Account from Bank of Whittier, National Association with 4.34% APY and $1,000 minimum deposit

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The product CD 1-year Account from Bank of Whittier, National Association with 4.34% APY and $1,000 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 $30,590. The interest earned would be $10,590 and the tax amount on the interest earned would be approximately $3,177.

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 Bank of Whittier, National Association

Savings Boost of
$6,613 over 10 years

Cash Savings $20,000

Average Interest Earned $800

Bank of Whittier, National Association Interest Earned $7,413

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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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	111	78
2	20,111	112	78
3	20,223	113	79
4	20,336	113	79
5	20,449	114	80
6	20,563	115	80
7	20,678	115	81
8	20,793	116	81
9	20,909	116	82
10	21,025	117	82
	TOTAL:	$1,142	$800

Bank of Whittier, National Association Scenario

	Rate: 4.34%	Annual Interest	Annual Interest (After Tax)
1	20,000	868	608
2	20,868	906	634
3	21,774	945	662
4	22,719	986	690
5	23,706	1,029	720
6	24,735	1,074	752
7	25,808	1,120	784
8	26,929	1,169	818
9	28,098	1,220	854
10	29,317	1,273	891
	TOTAL:	$10,590	$7,413

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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 1-year Account from Bank of Whittier, National Association with 4.34% APY and $1,000 minimum deposit