Compound Interest Calculator
CD 4-year Account from GTE with 3.40% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from GTE with 3.40% APY and $100,000 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 $27,941. The interest earned would be $7,941 and the tax amount on the interest earned would be approximately $2,382.

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
$4,378 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
GTE Interest Earned $5,558

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

GTE Scenario

Rate:
3.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 680 476
2 20,680 703 492
3 21,383 727 509
4 22,110 752 526
5 22,862 777 544
6 23,639 804 563
7 24,443 831 582
8 25,274 859 602
9 26,133 889 622
10 27,022 919 643
TOTAL: $7,941 $5,558

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 7, 2023 3.40%
September 1, 2023 3.56%
August 20, 2023 5.12%


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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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