Compound Interest Calculator
CD 3-year Account from GEORGIA'S OWN with 3.21% APY and $500 minimum deposit

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The product CD 3-year Account from GEORGIA'S OWN with 3.21% 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 $27,431. The interest earned would be $7,431 and the tax amount on the interest earned would be approximately $2,229.

Please note that this product is available in Georgia and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for GEORGIA'S OWN

Savings Boost of
$4,116 over 10 years

Cash Savings $20,000

Average Interest Earned $1,086

GEORGIA'S OWN Interest Earned $5,202

Compare

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

GEORGIA'S OWN Scenario

	Rate: 3.21%	Annual Interest	Annual Interest (After Tax)
1	20,000	642	449
2	20,642	663	464
3	21,305	684	479
4	21,988	706	494
5	22,694	728	510
6	23,423	752	526
7	24,175	776	543
8	24,951	801	561
9	25,752	827	579
10	26,578	853	597
	TOTAL:	$7,431	$5,202

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.

Recent Rate Changes

Date	APY
August 20, 2023	3.21%

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Compound Interest Calculator CD 3-year Account from GEORGIA'S OWN with 3.21% APY and $500 minimum deposit