Compound Interest Calculator
CD 15-month Account from DIRECT with 3.06% APY and $100,000 minimum deposit

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The product CD 15-month Account from DIRECT with 3.06% 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 $27,035. The interest earned would be $7,035 and the tax amount on the interest earned would be approximately $2,111.

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 DIRECT

Savings Boost of
$4,605 over 10 years

Cash Savings $20,000

Average Interest Earned $320

DIRECT Interest Earned $4,925

Compare

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

DIRECT Scenario

	Rate: 3.06%	Annual Interest	Annual Interest (After Tax)
1	20,000	612	428
2	20,612	631	442
3	21,243	650	455
4	21,893	670	469
5	22,563	690	483
6	23,253	712	498
7	23,965	733	513
8	24,698	756	529
9	25,454	779	545
10	26,233	803	562
	TOTAL:	$7,035	$4,925

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.

Featured CD Rates

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TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
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Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.
Rising Bank, a division of Midwest BankCentre	4.70%	$1,000	Learn More
Last change: ↑0.70% on December 7.

Compound Interest Calculator CD 15-month Account from DIRECT with 3.06% APY and $100,000 minimum deposit