Compound Interest Calculator
CD 5-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 4.09% APY and $500 minimum deposit

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The product CD 5-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 4.09% 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 $29,862. The interest earned would be $9,862 and the tax amount on the interest earned would be approximately $2,959.

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
$5,564 over 10 years

Cash Savings $20,000

Average Interest Earned $1,340

COMMUNITY FIRST CREDIT UNION OF FLO Interest Earned $6,903

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	184	129
2	20,184	185	130
3	20,369	187	131
4	20,556	189	132
5	20,745	190	133
6	20,935	192	135
7	21,127	194	136
8	21,321	196	137
9	21,517	198	138
10	21,714	199	140
	TOTAL:	$1,914	$1,340

COMMUNITY FIRST CREDIT UNION OF FLO Scenario

	Rate: 4.09%	Annual Interest	Annual Interest (After Tax)
1	20,000	818	573
2	20,818	851	596
3	21,669	886	620
4	22,556	923	646
5	23,478	960	672
6	24,439	1,000	700
7	25,438	1,040	728
8	26,478	1,083	758
9	27,561	1,127	789
10	28,689	1,173	821
	TOTAL:	$9,862	$6,903

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
August 19, 2023	4.09%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$5,000	Learn More
Last change: ↑0.15% on March 22.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
Bread Savings, a division of Bread Financial	4.50%	$1,500	Learn More
Last change: ↓0.15% on January 25.
Goldman Sachs Bank	4.50%	$500	Learn More
Last change: ↓0.50% on February 25.

Compound Interest Calculator CD 5-year Account from COMMUNITY FIRST CREDIT UNION OF FLO with 4.09% APY and $500 minimum deposit