Compound Interest Calculator
CD 18-month Account from COMMUNITY FIRST with 3.90% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from COMMUNITY FIRST with 3.90% APY and $1,000 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 $29,321. The interest earned would be $9,321 and the tax amount on the interest earned would be approximately $2,796.

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

Savings Boost of
$6,207 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
COMMUNITY FIRST Interest Earned $6,525

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

COMMUNITY FIRST Scenario

Rate:
3.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 780 546
2 20,780 810 567
3 21,590 842 589
4 22,432 875 612
5 23,307 909 636
6 24,216 944 661
7 25,161 981 687
8 26,142 1,020 714
9 27,162 1,059 742
10 28,221 1,101 770
TOTAL: $9,321 $6,525

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
October 21, 2024 3.90%
August 12, 2024 4.05%
February 20, 2024 4.20%
January 4, 2024 3.75%


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Customer Reviews for Community First


  • February 12, 2022

    Community First CU does NOT offer online Principal Payments on loans. CFCU online services are 20 years behind the industry. Online Principal payments are offered at Credit unions. Avoid Community First Credit Union if want the convenience of online principal payments. If you want to Save yourself hours/ Days by going to brick and mortar CU to make principal payments over the course of the loan Do Not become a member of Community First Credit Union. You're an " Owner " of the past in online banking at Community First Credit Union.


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