Compound Interest Calculator
CD 3-year Account from CENTRAL CREDIT UNION OF MARYLAND,IN with 0.80% APY and $10,000 minimum deposit

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The product CD 3-year Account from CENTRAL CREDIT UNION OF MARYLAND,IN with 0.80% 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 $21,665. The interest earned would be $1,665 and the tax amount on the interest earned would be approximately $500.

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
$78 over 10 years

Cash Savings $20,000

Average Interest Earned $1,088

CENTRAL CREDIT UNION OF MARYLAND,IN Interest Earned $1,166

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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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	150	105
2	20,150	151	106
3	20,302	152	107
4	20,454	154	108
5	20,608	155	108
6	20,762	156	109
7	20,918	157	110
8	21,075	158	111
9	21,234	159	112
10	21,393	161	112
	TOTAL:	$1,554	$1,088

CENTRAL CREDIT UNION OF MARYLAND,IN Scenario

	Rate: 0.80%	Annual Interest	Annual Interest (After Tax)
1	20,000	161	112
2	20,161	162	113
3	20,322	163	114
4	20,486	165	115
5	20,650	166	116
6	20,816	167	117
7	20,983	168	118
8	21,152	170	119
9	21,321	171	120
10	21,493	173	121
	TOTAL:	$1,665	$1,166

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Compound Interest Calculator CD 3-year Account from CENTRAL CREDIT UNION OF MARYLAND,IN with 0.80% APY and $10,000 minimum deposit