Compound Interest Calculator
CD 1-year Account from EXPEDITION with 5.40% APY and $2,500 minimum deposit

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The product CD 1-year Account from EXPEDITION with 5.40% APY and $2,500 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 $33,840. The interest earned would be $13,840 and the tax amount on the interest earned would be approximately $4,152.

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 EXPEDITION

Savings Boost of
$8,902 over 10 years

Cash Savings $20,000

Average Interest Earned $786

EXPEDITION Interest Earned $9,688

Compare

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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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	110	77
2	20,110	110	77
3	20,220	111	78
4	20,331	111	78
5	20,442	112	78
6	20,554	113	79
7	20,667	113	79
8	20,780	114	80
9	20,894	114	80
10	21,008	115	81
	TOTAL:	$1,123	$786

EXPEDITION Scenario

	Rate: 5.40%	Annual Interest	Annual Interest (After Tax)
1	20,000	1,080	756
2	21,080	1,138	797
3	22,218	1,200	840
4	23,418	1,265	885
5	24,683	1,333	933
6	26,016	1,405	983
7	27,420	1,481	1,036
8	28,901	1,561	1,092
9	30,462	1,645	1,151
10	32,107	1,734	1,214
	TOTAL:	$13,840	$9,688

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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
February 2, 2024	5.40%
December 13, 2023	5.51%

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Compound Interest Calculator CD 1-year Account from EXPEDITION with 5.40% APY and $2,500 minimum deposit