Compound Interest Calculator
CD 5-year Account from CREDIT UNION OF GEORGIA with 3.40% APY and $100,000 minimum deposit

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The product CD 5-year Account from CREDIT UNION OF GEORGIA with 3.40% APY and $100,000 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 $27,941. The interest earned would be $7,941 and the tax amount on the interest earned would be approximately $2,382.

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 CREDIT UNION OF GEORGIA

Savings Boost of
$4,223 over 10 years

Cash Savings $20,000

Average Interest Earned $1,335

CREDIT UNION OF GEORGIA Interest Earned $5,558

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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	183	128
2	20,183	185	129
3	20,368	186	130
4	20,554	188	132
5	20,742	190	133
6	20,932	192	134
7	21,123	193	135
8	21,317	195	137
9	21,512	197	138
10	21,709	199	139
	TOTAL:	$1,907	$1,335

CREDIT UNION OF GEORGIA Scenario

	Rate: 3.40%	Annual Interest	Annual Interest (After Tax)
1	20,000	680	476
2	20,680	703	492
3	21,383	727	509
4	22,110	752	526
5	22,862	777	544
6	23,639	804	563
7	24,443	831	582
8	25,274	859	602
9	26,133	889	622
10	27,022	919	643
	TOTAL:	$7,941	$5,558

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	3.40%
April 15, 2024	3.65%
February 6, 2024	3.75%
August 18, 2023	4.05%

Featured CD Rates

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My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
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OneLocal Bank	4.90%	$10,000	Learn More
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Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.

Compound Interest Calculator CD 5-year Account from CREDIT UNION OF GEORGIA with 3.40% APY and $100,000 minimum deposit