Compound Interest Calculator
CD 3-year Account from GARDINER with 3.76% APY and $500 minimum deposit

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The product CD 3-year Account from GARDINER with 3.76% 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 $28,929. The interest earned would be $8,929 and the tax amount on the interest earned would be approximately $2,679.

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 GARDINER

Savings Boost of
$5,162 over 10 years

Cash Savings $20,000

Average Interest Earned $1,088

GARDINER Interest Earned $6,250

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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	20,302	152	107
4	20,454	154	108
5	20,608	155	108
6	20,762	156	109
7	20,918	157	110
8	21,075	158	111
9	21,234	159	112
10	21,393	161	112
	TOTAL:	$1,554	$1,088

GARDINER Scenario

	Rate: 3.76%	Annual Interest	Annual Interest (After Tax)
1	20,000	752	526
2	20,752	780	546
3	21,532	810	567
4	22,342	840	588
5	23,182	872	610
6	24,054	904	633
7	24,958	938	657
8	25,896	974	682
9	26,870	1,010	707
10	27,880	1,048	734
	TOTAL:	$8,929	$6,250

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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
August 2, 2024	3.76%
October 6, 2023	3.87%
August 20, 2023	3.45%

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Compound Interest Calculator CD 3-year Account from GARDINER with 3.76% APY and $500 minimum deposit