Compound Interest Calculator
CD 1-year Account from GECU with 3.15% APY and $50,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from GECU with 3.15% APY and $50,000 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 $27,272. The interest earned would be $7,272 and the tax amount on the interest earned would be approximately $2,182.

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
$4,298 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
GECU Interest Earned $5,091

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

GECU Scenario

Rate:
3.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 630 441
2 20,630 650 455
3 21,280 670 469
4 21,950 691 484
5 22,642 713 499
6 23,355 736 515
7 24,090 759 531
8 24,849 783 548
9 25,632 807 565
10 26,439 833 583
TOTAL: $7,272 $5,091

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.



Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.25% on October 16.



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?


Add Your Review


or use your BestCashCow account

or