Compound Interest Calculator
CD 7-month Account from Greenfield Savings Bank with 4.18% APY and $10 minimum deposit



Use or Change These Amounts and Rates

The product CD 7-month Account from Greenfield Savings Bank with 4.18% APY and $10 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 $30,121. The interest earned would be $10,121 and the tax amount on the interest earned would be approximately $3,036.

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 Greenfield Savings Bank

Savings Boost of
$6,767 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Greenfield Savings Bank Interest Earned $7,085

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Greenfield Savings Bank Scenario

Rate:
4.18%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 836 585
2 20,836 871 610
3 21,707 907 635
4 22,614 945 662
5 23,560 985 689
6 24,544 1,026 718
7 25,570 1,069 748
8 26,639 1,114 779
9 27,753 1,160 812
10 28,913 1,209 846
TOTAL: $10,121 $7,085

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
November 25, 2024 4.18%
October 21, 2024 3.71%
September 25, 2024 4.07%
May 27, 2024 4.59%
December 18, 2023 4.85%
December 18, 2023 1.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.