Compound Interest Calculator
CD 3-year Account from GECU with 3.46% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from GECU with 3.46% APY and $1,000 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 $28,103. The interest earned would be $8,103 and the tax amount on the interest earned would be approximately $2,431.

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 GECU

Savings Boost of
$4,586 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
GECU Interest Earned $5,672

 

 

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

GECU Scenario

Rate:
3.46%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 692 484
2 20,692 716 501
3 21,408 741 519
4 22,149 766 536
5 22,915 793 555
6 23,708 820 574
7 24,528 849 594
8 25,377 878 615
9 26,255 908 636
10 27,163 940 658
TOTAL: $8,103 $5,672

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.



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Customer Reviews for Gecu


  • June 14, 2019 |

    This bank gives you the runaround to find simple rates such as Roth rate and traditional ira but when it comes to cd rates it is very easily attainable. And the 1st information when you select rates but to find your retirement rates you have to select loans and credit cards and dig a little deeper for that rate. Makes you wonder why they are hiding it so far down the rabbit hole?


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