Compound Interest Calculator
CD 4-year Account from COMMUNITY FINANCIAL with 0.11% APY and $10,000 minimum deposit

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The product CD 4-year Account from COMMUNITY FINANCIAL with 0.11% 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 $20,221. The interest earned would be $221 and the tax amount on the interest earned would be approximately $66.

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

The Results for COMMUNITY FINANCIAL

Savings Boost of
$-1,027 over 10 years

Cash Savings $20,000

Average Interest Earned $1,182

COMMUNITY FINANCIAL Interest Earned $155

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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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	163	114
2	20,163	164	115
3	20,327	165	116
4	20,492	167	117
5	20,659	168	118
6	20,827	170	119
7	20,997	171	120
8	21,168	172	121
9	21,340	174	122
10	21,514	175	123
	TOTAL:	$1,689	$1,182

COMMUNITY FINANCIAL Scenario

	Rate: 0.11%	Annual Interest	Annual Interest (After Tax)
1	20,000	22	15
2	20,022	22	15
3	20,044	22	15
4	20,066	22	15
5	20,088	22	15
6	20,110	22	15
7	20,132	22	16
8	20,155	22	16
9	20,177	22	16
10	20,199	22	16
	TOTAL:	$221	$155

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.

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Compound Interest Calculator CD 4-year Account from COMMUNITY FINANCIAL with 0.11% APY and $10,000 minimum deposit