Compound Interest Calculator
CD 4-year Account from HORIZON with 0.95% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

HORIZON Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 4-year Account from HORIZON with 0.95% 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 $21,990. The interest earned would be $1,990 and the tax amount on the interest earned would be approximately $597.

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

The Results for HORIZON

Savings Boost of
$209 over 10 years

Cash Savings $20,000

Average Interest Earned $1,184

HORIZON Interest Earned $1,393

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: 0.82%	Annual Interest	Annual Interest (After Tax)
1	20,000	163	114
2	20,163	164	115
3	20,327	166	116
4	20,493	167	117
5	20,660	168	118
6	20,828	170	119
7	20,998	171	120
8	21,169	173	121
9	21,342	174	122
10	21,516	175	123
	TOTAL:	$1,691	$1,184

HORIZON Scenario

	Rate: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	191	133
2	20,191	192	135
3	20,383	194	136
4	20,577	196	137
5	20,773	198	139
6	20,971	200	140
7	21,171	202	141
8	21,373	204	143
9	21,577	206	144
10	21,782	208	145
	TOTAL:	$1,990	$1,393

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^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$5,000	Learn More
Last change: ↑0.15% on March 22.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
Bread Savings, a division of Bread Financial	4.50%	$1,500	Learn More
Last change: ↓0.15% on January 25.
Goldman Sachs Bank	4.50%	$500	Learn More
Last change: ↓0.50% on February 25.

Compound Interest Calculator CD 4-year Account from HORIZON with 0.95% APY and $10,000 minimum deposit