Compound Interest Calculator
CD 3-year Account from GSA with 1.47% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from GSA with 1.47% APY and $10,000 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 $23,142. The interest earned would be $3,142 and the tax amount on the interest earned would be approximately $943.

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

The Results for GSA

Savings Boost of
$1,109 over 10 years
Cash Savings $20,000
Average Interest Earned $1,091

 
GSA Interest Earned $2,200

 

 

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 20,000 151 105
2 20,151 152 106
3 20,302 153 107
4 20,455 154 108
5 20,609 155 109
6 20,764 156 109
7 20,921 158 110
8 21,078 159 111
9 21,237 160 112
10 21,397 161 113
TOTAL: $1,558 $1,091

GSA Scenario

Rate:
1.47%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 294 206
2 20,294 298 209
3 20,592 303 212
4 20,895 307 215
5 21,202 312 218
6 21,514 316 221
7 21,830 321 225
8 22,151 326 228
9 22,477 330 231
10 22,807 335 235
TOTAL: $3,142 $2,200

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: ↓0.50% on October 1, 2024.

Last change: ↓0.10% on February 9.
6 Month Jumbo CD.

Last change: ↓0.50% on October 1, 2024.

Last change: ↓0.10% on February 17.
3 Month CD.

Last change: ↑0.20% on January 18.