The product CD 1-year Account from FORT MCCLELLAN with 0.55% APY and $10,000 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 $21,130. The interest earned would be $1,130 and the tax amount on the interest earned would be approximately $339.
Please note that this product is available in Alabama and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 111 | 77 |
| 2 | 20,111 | 111 | 78 |
| 3 | 20,222 | 112 | 78 |
| 4 | 20,334 | 112 | 79 |
| 5 | 20,446 | 113 | 79 |
| 6 | 20,559 | 114 | 80 |
| 7 | 20,673 | 114 | 80 |
| 8 | 20,787 | 115 | 80 |
| 9 | 20,902 | 116 | 81 |
| 10 | 21,018 | 116 | 81 |
| TOTAL: | $1,134 | $794 |
| Rate: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 110 | 77 |
| 2 | 20,110 | 111 | 78 |
| 3 | 20,221 | 111 | 78 |
| 4 | 20,332 | 112 | 78 |
| 5 | 20,444 | 113 | 79 |
| 6 | 20,557 | 113 | 79 |
| 7 | 20,670 | 114 | 80 |
| 8 | 20,784 | 115 | 80 |
| 9 | 20,899 | 115 | 81 |
| 10 | 21,014 | 116 | 81 |
| TOTAL: | $1,130 | $791 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
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|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on October 28. |
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Customer Reviews for Fort Mcclellan
ADS
August 16, 2021 |
I have had 2-3 car loans with them with no problems. I called to check on refinancing my current vehicle of which they currently hold the loan. For some reason, and without my consent, they ran my credit. My score has now dropped 23 points and it’s “oh so sorry. We can’t do anything for you.” As soon as I can, I will take my car loan to USAA.
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