Compound Interest Calculator
CD 1-year Account from CHEVRON with 4.80% APY and $250,000 minimum deposit

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The product CD 1-year Account from CHEVRON with 4.80% APY and $250,000 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 $31,963. The interest earned would be $11,963 and the tax amount on the interest earned would be approximately $3,589.

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 CHEVRON

Savings Boost of
$7,571 over 10 years

Cash Savings $20,000

Average Interest Earned $803

CHEVRON Interest Earned $8,374

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: 0.56%	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

CHEVRON Scenario

	Rate: 4.80%	Annual Interest	Annual Interest (After Tax)
1	20,000	960	672
2	20,960	1,006	704
3	21,966	1,054	738
4	23,020	1,105	773
5	24,125	1,158	811
6	25,283	1,214	850
7	26,497	1,272	890
8	27,769	1,333	933
9	29,102	1,397	978
10	30,499	1,464	1,025
	TOTAL:	$11,963	$8,374

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.

Recent Rate Changes

Date	APY
February 20, 2024	4.80%
January 19, 2024	4.90%
September 8, 2023	5.00%
August 20, 2023	4.60%

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Compound Interest Calculator CD 1-year Account from CHEVRON with 4.80% APY and $250,000 minimum deposit