Compound Interest Calculator
CD 3-year Account from EXPEDITION with 3.03% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from EXPEDITION with 3.03% 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 $26,957. The interest earned would be $6,957 and the tax amount on the interest earned would be approximately $2,087.

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
$3,778 over 10 years
Cash Savings $20,000
Average Interest Earned $1,092

 
EXPEDITION Interest Earned $4,870

 

 

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 20,000 151 106
2 20,151 152 106
3 20,303 153 107
4 20,456 154 108
5 20,610 155 109
6 20,765 157 110
7 20,922 158 110
8 21,080 159 111
9 21,239 160 112
10 21,399 161 113
TOTAL: $1,560 $1,092

EXPEDITION Scenario

Rate:
3.03%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 606 424
2 20,606 624 437
3 21,230 643 450
4 21,874 663 464
5 22,536 683 478
6 23,219 704 492
7 23,923 725 507
8 24,648 747 523
9 25,394 769 539
10 26,164 793 555
TOTAL: $6,957 $4,870

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