Compound Interest Calculator
CD 3-year Account from EVERENCE with 0.90% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from EVERENCE with 0.90% 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 $21,875. The interest earned would be $1,875 and the tax amount on the interest earned would be approximately $562.

Please note that this product is available in Virginia and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for EVERENCE

Savings Boost of
$226 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
EVERENCE Interest Earned $1,312

 

 

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 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

EVERENCE Scenario

Rate:
0.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 180 126
2 20,180 182 127
3 20,362 183 128
4 20,545 185 129
5 20,730 187 131
6 20,916 188 132
7 21,105 190 133
8 21,295 192 134
9 21,486 193 135
10 21,680 195 137
TOTAL: $1,875 $1,312

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?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↑0.25% on November 25.