Compound Interest Calculator
CD 1-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 4.29% APY and $500 minimum deposit

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The product CD 1-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 4.29% APY and $500 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 $30,441. The interest earned would be $10,441 and the tax amount on the interest earned would be approximately $3,132.

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
$6,506 over 10 years

Cash Savings $20,000

Average Interest Earned $803

COMMUNITY FIRST CREDIT UNION OF FLO Interest Earned $7,309

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: 0.56%	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

COMMUNITY FIRST CREDIT UNION OF FLO Scenario

	Rate: 4.29%	Annual Interest	Annual Interest (After Tax)
1	20,000	858	601
2	20,858	895	626
3	21,753	933	653
4	22,686	973	681
5	23,659	1,015	710
6	24,674	1,059	741
7	25,733	1,104	773
8	26,837	1,151	806
9	27,988	1,201	840
10	29,189	1,252	877
	TOTAL:	$10,441	$7,309

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
September 12, 2023	4.29%
September 5, 2023	4.39%
August 19, 2023	4.45%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
TotalDirect, a division of City National Bank of Florida	5.51%	$25,000	Learn More
Last change: ↓0.15% on May 13. 3 Month CD.
ableBanking, a division of Northeast Bank	5.20%	$500	Learn More
Last change: ↓0.10% on August 16.
Gateway First Bank	5.15%	$500	Learn More
Last change: ↓0.10% on July 30.
LendingClub Bank, National Association	5.10%	$2,500	Learn More
Last change: ↓0.10% on September 18.
Quontic Bank	5.10%	$500	Learn More
Last change: ↑0.05% on August 24. Warning: Early withdrawal penalty equals six months of interest.

Compound Interest Calculator CD 1-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 4.29% APY and $500 minimum deposit