Compound Interest Calculator
CD 4-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 3.61% APY and $45,000 minimum deposit

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The product CD 4-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 3.61% APY and $45,000 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 $28,513. The interest earned would be $8,513 and the tax amount on the interest earned would be approximately $2,554.

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 COMMUNITY FIRST CREDIT UNION OF FLO

Savings Boost of
$4,779 over 10 years

Cash Savings $20,000

Average Interest Earned $1,181

COMMUNITY FIRST CREDIT UNION OF FLO Interest Earned $5,959

Compare

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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	20,658	168	118
6	20,826	169	119
7	20,996	171	119
8	21,166	172	120
9	21,338	173	121
10	21,512	175	122
	TOTAL:	$1,687	$1,181

COMMUNITY FIRST CREDIT UNION OF FLO Scenario

	Rate: 3.61%	Annual Interest	Annual Interest (After Tax)
1	20,000	722	505
2	20,722	748	524
3	21,470	775	543
4	22,245	803	562
5	23,048	832	582
6	23,880	862	603
7	24,742	893	625
8	25,635	925	648
9	26,561	959	671
10	27,520	993	695
	TOTAL:	$8,513	$5,959

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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
August 19, 2023	3.61%

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Compound Interest Calculator CD 4-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 3.61% APY and $45,000 minimum deposit