Compound Interest Calculator
CD 3-year Account from CO-OP CREDIT UNION OF MONTEVIDEO with 1.45% APY and $100,000 minimum deposit

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The product CD 3-year Account from CO-OP CREDIT UNION OF MONTEVIDEO with 1.45% APY and $100,000 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 $23,097. The interest earned would be $3,097 and the tax amount on the interest earned would be approximately $929.

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

The Results for CO-OP CREDIT UNION OF MONTEVIDEO

Savings Boost of
$1,080 over 10 years

Cash Savings $20,000

Average Interest Earned $1,088

CO-OP CREDIT UNION OF MONTEVIDEO Interest Earned $2,168

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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

CO-OP CREDIT UNION OF MONTEVIDEO Scenario

	Rate: 1.45%	Annual Interest	Annual Interest (After Tax)
1	20,000	290	203
2	20,290	294	206
3	20,584	298	209
4	20,883	303	212
5	21,185	307	215
6	21,493	312	218
7	21,804	316	221
8	22,120	321	225
9	22,441	325	228
10	22,767	330	231
	TOTAL:	$3,097	$2,168

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Compound Interest Calculator CD 3-year Account from CO-OP CREDIT UNION OF MONTEVIDEO with 1.45% APY and $100,000 minimum deposit