Compound Interest Calculator
CD 5-year Account from GECU with 3.72% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from GECU with 3.72% 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 $28,817. The interest earned would be $8,817 and the tax amount on the interest earned would be approximately $2,645.

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
$4,837 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
GECU Interest Earned $6,172

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

GECU Scenario

Rate:
3.72%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 744 521
2 20,744 772 540
3 21,516 800 560
4 22,316 830 581
5 23,146 861 603
6 24,007 893 625
7 24,900 926 648
8 25,827 961 673
9 26,787 996 698
10 27,784 1,034 723
TOTAL: $8,817 $6,172

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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