Compound Interest Calculator
CD 5-year Account from Champion Bank with 1.53% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Champion Bank Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 5-year Account from Champion Bank with 1.53% 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 $23,280. The interest earned would be $3,280 and the tax amount on the interest earned would be approximately $984.

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

The Results for Champion Bank

Savings Boost of
$961 over 10 years

Cash Savings $20,000

Average Interest Earned $1,335

Champion Bank Interest Earned $2,296

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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	185	129
3	20,368	186	130
4	20,554	188	132
5	20,742	190	133
6	20,932	192	134
7	21,123	193	135
8	21,317	195	137
9	21,512	197	138
10	21,709	199	139
	TOTAL:	$1,907	$1,335

Champion Bank Scenario

	Rate: 1.53%	Annual Interest	Annual Interest (After Tax)
1	20,000	306	214
2	20,306	311	217
3	20,617	315	221
4	20,932	320	224
5	21,252	325	228
6	21,578	330	231
7	21,908	335	235
8	22,243	340	238
9	22,583	346	242
10	22,929	351	246
	TOTAL:	$3,280	$2,296

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↓0.09% on December 7. 6 Month Jumbo CD.
Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.
Rising Bank, a division of Midwest BankCentre	4.70%	$1,000	Learn More
Last change: ↑0.70% on December 7.
Bread Savings, a division of Bread Financial	4.65%	$1,500	Learn More
Last change: ↓0.05% on December 4.
OneLocal Bank	4.65%	$10,000	Learn More
Last change: ↓0.25% on December 23.

Compound Interest Calculator CD 5-year Account from Champion Bank with 1.53% APY and $10,000 minimum deposit