Compound Interest Calculator
CD 1-year Account from COMMUNITY SOUTH with 4.32% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from COMMUNITY SOUTH with 4.32% 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 $30,529. The interest earned would be $10,529 and the tax amount on the interest earned would be approximately $3,159.

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 SOUTH

Savings Boost of
$6,575 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
COMMUNITY SOUTH Interest Earned $7,370

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

COMMUNITY SOUTH Scenario

Rate:
4.32%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 864 605
2 20,864 901 631
3 21,765 940 658
4 22,706 981 687
5 23,686 1,023 716
6 24,710 1,067 747
7 25,777 1,114 780
8 26,891 1,162 813
9 28,052 1,212 848
10 29,264 1,264 885
TOTAL: $10,529 $7,370

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 2, 2024 4.32%
January 12, 2024 5.10%
August 20, 2023 0.80%


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