Compound Interest Calculator
CD 3-year Account from ENCOMPASS with 1.51% APY and $500 minimum deposit

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The product CD 3-year Account from ENCOMPASS with 1.51% 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 $23,234. The interest earned would be $3,234 and the tax amount on the interest earned would be approximately $970.

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 ENCOMPASS

Savings Boost of
$1,176 over 10 years

Cash Savings $20,000

Average Interest Earned $1,088

ENCOMPASS Interest Earned $2,264

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: 0.75%	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

ENCOMPASS Scenario

	Rate: 1.51%	Annual Interest	Annual Interest (After Tax)
1	20,000	302	211
2	20,302	307	215
3	20,609	311	218
4	20,920	316	221
5	21,236	321	224
6	21,556	326	228
7	21,882	330	231
8	22,212	335	235
9	22,548	340	238
10	22,888	346	242
	TOTAL:	$3,234	$2,264

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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Compound Interest Calculator CD 3-year Account from ENCOMPASS with 1.51% APY and $500 minimum deposit