Compound Interest Calculator
CD 18-month Account from DIGITAL with 4.00% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from DIGITAL with 4.00% 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 $29,605. The interest earned would be $9,605 and the tax amount on the interest earned would be approximately $2,881.

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 DIGITAL

Savings Boost of
$6,404 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
DIGITAL Interest Earned $6,723

 

 

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 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

DIGITAL Scenario

Rate:
4.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 800 560
2 20,800 832 582
3 21,632 865 606
4 22,497 900 630
5 23,397 936 655
6 24,333 973 681
7 25,306 1,012 709
8 26,319 1,053 737
9 27,371 1,095 766
10 28,466 1,139 797
TOTAL: $9,605 $6,723

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
September 6, 2024 4.00%
February 23, 2024 4.34%
January 30, 2024 4.86%
November 24, 2023 5.13%
October 20, 2023 4.45%
August 19, 2023 3.56%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↓0.15% on September 6.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.



Customer Reviews for Digital


  • May 4, 2016

    Refi, no cash out, no second

  • April 7, 2016

    I just applied for a home equity loan with DCU. No problems at all so far. I did the entire application online. I did have some confusion with the info that I needed to provide. If you apply, you will need your tax returns for the past two years, most recent pay stubs, most recent real estate tax, homeowners insurance policy, and W2s. It wasn't terribly onerous but since I am not that organized it took me awhile to gather everything. I then uploaded it to their site. I also had contact with a lending rep and could ask info via secure mail. I'm waiting to hear if the loan was approved but so far no problems.


Add Your Review


or use your BestCashCow account

or