Compound Interest Calculator
CD 3-year Account from DIGITAL with 3.80% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from DIGITAL with 3.80% APY and $25,000 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 $29,040. The interest earned would be $9,040 and the tax amount on the interest earned would be approximately $2,712.

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
$5,241 over 10 years
Cash Savings $20,000
Average Interest Earned $1,088

 
DIGITAL Interest Earned $6,328

 

 

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 20,302 152 107
4 20,454 154 108
5 20,608 155 108
6 20,762 156 109
7 20,918 157 110
8 21,075 158 111
9 21,234 159 112
10 21,393 161 112
TOTAL: $1,554 $1,088

DIGITAL Scenario

Rate:
3.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 760 532
2 20,760 789 552
3 21,549 819 573
4 22,368 850 595
5 23,218 882 618
6 24,100 916 641
7 25,016 951 665
8 25,966 987 691
9 26,953 1,024 717
10 27,977 1,063 744
TOTAL: $9,040 $6,328

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 3.80%
November 24, 2023 3.87%
October 20, 2023 3.46%
August 19, 2023 3.05%


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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.


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