Compound Interest Calculator
CD 6-month Account from GTE with 3.04% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from GTE with 3.04% 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 $26,983. The interest earned would be $6,983 and the tax amount on the interest earned would be approximately $2,095.

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 GTE

Savings Boost of
$4,570 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
GTE Interest Earned $4,888

 

 

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

GTE Scenario

Rate:
3.04%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 608 426
2 20,608 626 439
3 21,234 646 452
4 21,880 665 466
5 22,545 685 480
6 23,231 706 494
7 23,937 728 509
8 24,664 750 525
9 25,414 773 541
10 26,187 796 557
TOTAL: $6,983 $4,888

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 2, 2024 3.04%
November 7, 2023 2.27%
August 20, 2023 1.51%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↑3.00% on August 7.

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Gte


  • August 15, 2019 |

    Online CDs 60 Month Rates

    I applied for a jumbo CD account over two weeks ago. They asked me for more documentation than my mortgage company did and then they did a hard credit pull. They advertise fast and simple they are simply not. I’ve provided everything (my drivers license, social security card, complete bank statement, picture of my debit card and a copy of my utility bill) and the account still isn't open. Absolute worst customer service ever.


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