Compound Interest Calculator
CD 3-year Account from DIAMOND VALLEY with 0.84% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from DIAMOND VALLEY with 0.84% APY and $10,000 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 $21,745. The interest earned would be $1,745 and the tax amount on the interest earned would be approximately $523.

Please note that this product is available in Indiana and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for DIAMOND VALLEY

Savings Boost of
$135 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
DIAMOND VALLEY Interest Earned $1,221

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

DIAMOND VALLEY Scenario

Rate:
0.84%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 168 118
2 20,168 169 119
3 20,337 171 120
4 20,508 172 121
5 20,681 174 122
6 20,854 175 123
7 21,029 177 124
8 21,206 178 125
9 21,384 180 126
10 21,564 181 127
TOTAL: $1,745 $1,221

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.



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