Compound Interest Calculator
CD 15-month Account from COMMUNITY FIRST with 4.60% APY and $5,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 15-month Account from COMMUNITY FIRST with 4.60% APY and $5,000 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 $31,358. The interest earned would be $11,358 and the tax amount on the interest earned would be approximately $3,407.

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
$7,632 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
COMMUNITY FIRST Interest Earned $7,951

 

 

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:
4.60%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 920 644
2 20,920 962 674
3 21,882 1,007 705
4 22,889 1,053 737
5 23,942 1,101 771
6 25,043 1,152 806
7 26,195 1,205 843
8 27,400 1,260 882
9 28,660 1,318 923
10 29,979 1,379 965
TOTAL: $11,358 $7,951

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 4.60%
September 30, 2024 4.25%
September 16, 2024 4.75%
July 15, 2024 5.05%
June 17, 2024 5.20%
April 2, 2024 3.00%
February 20, 2024 4.80%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



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.


Add Your Review


or use your BestCashCow account

or