Compound Interest Calculator
CD 3-month Account from EDUCATIONAL EMPLOYEES with 2.68% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

EDUCATIONAL EMPLOYEES Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 3-month Account from EDUCATIONAL EMPLOYEES with 2.68% 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 $26,055. The interest earned would be $6,055 and the tax amount on the interest earned would be approximately $1,816.

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 EDUCATIONAL EMPLOYEES

Savings Boost of
$3,920 over 10 years

Cash Savings $20,000

Average Interest Earned $318

EDUCATIONAL EMPLOYEES Interest Earned $4,238

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	20,090	45	32
4	20,135	45	32
5	20,181	45	32
6	20,226	46	32
7	20,272	46	32
8	20,317	46	32
9	20,363	46	32
10	20,409	46	32
	TOTAL:	$455	$318

EDUCATIONAL EMPLOYEES Scenario

	Rate: 2.68%	Annual Interest	Annual Interest (After Tax)
1	20,000	536	375
2	20,536	550	385
3	21,086	565	396
4	21,651	580	406
5	22,232	596	417
6	22,828	612	428
7	23,439	628	440
8	24,068	645	452
9	24,713	662	464
10	25,375	680	476
	TOTAL:	$6,055	$4,238

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

ONLINE BANKS	APY^?	MIN^?
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.
Valley Direct, a division of Valley National Bank	5.00%	$500	Learn More
Last change: ↑3.00% on August 7.
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.
Norwood Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.

Compound Interest Calculator CD 3-month Account from EDUCATIONAL EMPLOYEES with 2.68% APY and $10,000 minimum deposit