Compound Interest Calculator
CD 15-month Account from COMMONWEALTH ONE with 2.33% APY and $50 minimum deposit

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COMMONWEALTH ONE Rate (%):

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The product CD 15-month Account from COMMONWEALTH ONE with 2.33% APY and $50 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 $25,180. The interest earned would be $5,180 and the tax amount on the interest earned would be approximately $1,554.

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 COMMONWEALTH ONE

Savings Boost of
$3,311 over 10 years

Cash Savings $20,000

Average Interest Earned $315

COMMONWEALTH ONE Interest Earned $3,626

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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	31
2	20,045	45	31
3	20,089	45	31
4	20,134	45	31
5	20,179	45	31
6	20,224	45	32
7	20,269	45	32
8	20,314	45	32
9	20,360	45	32
10	20,405	46	32
	TOTAL:	$451	$315

COMMONWEALTH ONE Scenario

	Rate: 2.33%	Annual Interest	Annual Interest (After Tax)
1	20,000	466	326
2	20,466	477	334
3	20,943	488	342
4	21,431	499	350
5	21,930	511	358
6	22,441	523	366
7	22,964	535	375
8	23,499	548	383
9	24,047	560	392
10	24,607	573	401
	TOTAL:	$5,180	$3,626

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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
April 19, 2024	2.33%
January 9, 2024	2.89%
October 3, 2023	2.33%
August 20, 2023	2.89%

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Compound Interest Calculator CD 15-month Account from COMMONWEALTH ONE with 2.33% APY and $50 minimum deposit