Compound Interest Calculator
CD 5-year Account from ENT with 3.23% APY and $500 minimum deposit

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The product CD 5-year Account from ENT with 3.23% 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 $27,485. The interest earned would be $7,485 and the tax amount on the interest earned would be approximately $2,245.

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 ENT

Savings Boost of
$3,904 over 10 years

Cash Savings $20,000

Average Interest Earned $1,335

ENT Interest Earned $5,239

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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	185	129
3	20,368	186	130
4	20,554	188	132
5	20,742	190	133
6	20,932	192	134
7	21,123	193	135
8	21,317	195	137
9	21,512	197	138
10	21,709	199	139
	TOTAL:	$1,907	$1,335

ENT Scenario

	Rate: 3.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	646	452
2	20,646	667	467
3	21,313	688	482
4	22,001	711	497
5	22,712	734	514
6	23,446	757	530
7	24,203	782	547
8	24,985	807	565
9	25,792	833	583
10	26,625	860	602
	TOTAL:	$7,485	$5,239

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 22, 2024	3.23%
February 20, 2024	3.43%
November 28, 2023	3.57%
October 31, 2023	3.43%
August 18, 2023	3.38%

Featured CD Rates

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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.
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OneLocal Bank	4.90%	$10,000	Learn More
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Last change: ↓0.50% on October 1.

Compound Interest Calculator CD 5-year Account from ENT with 3.23% APY and $500 minimum deposit