Compound Interest Calculator
CD 1-year Account from CENTRAL CREDIT UNION OF MARYLAND,IN with 0.40% APY and $10,000 minimum deposit

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The product CD 1-year Account from CENTRAL CREDIT UNION OF MARYLAND,IN with 0.40% 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 $20,817. The interest earned would be $817 and the tax amount on the interest earned would be approximately $245.

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

The Results for CENTRAL CREDIT UNION OF MARYLAND,IN

Savings Boost of
$-231 over 10 years

Cash Savings $20,000

Average Interest Earned $803

CENTRAL CREDIT UNION OF MARYLAND,IN Interest Earned $572

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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	112	78
2	20,112	112	79
3	20,224	113	79
4	20,337	114	80
5	20,451	114	80
6	20,565	115	80
7	20,680	116	81
8	20,796	116	81
9	20,912	117	82
10	21,029	118	82
	TOTAL:	$1,147	$803

CENTRAL CREDIT UNION OF MARYLAND,IN Scenario

	Rate: 0.40%	Annual Interest	Annual Interest (After Tax)
1	20,000	80	56
2	20,080	81	56
3	20,161	81	57
4	20,242	81	57
5	20,323	81	57
6	20,404	82	57
7	20,486	82	58
8	20,568	82	58
9	20,651	83	58
10	20,733	83	58
	TOTAL:	$817	$572

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Compound Interest Calculator CD 1-year Account from CENTRAL CREDIT UNION OF MARYLAND,IN with 0.40% APY and $10,000 minimum deposit