Compound Interest Calculator
CD 30-month Account from INDIANA UNIVERSITY with 2.75% APY and $500 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

INDIANA UNIVERSITY Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 30-month Account from INDIANA UNIVERSITY with 2.75% 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 $26,233. The interest earned would be $6,233 and the tax amount on the interest earned would be approximately $1,870.

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

The Results for INDIANA UNIVERSITY

Savings Boost of
$4,046 over 10 years

Cash Savings $20,000

Average Interest Earned $317

INDIANA UNIVERSITY Interest Earned $4,363

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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	31
2	20,045	45	31
3	20,090	45	32
4	20,135	45	32
5	20,180	45	32
6	20,225	45	32
7	20,270	45	32
8	20,316	46	32
9	20,361	46	32
10	20,407	46	32
	TOTAL:	$453	$317

INDIANA UNIVERSITY Scenario

	Rate: 2.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	550	385
2	20,550	565	396
3	21,115	581	406
4	21,696	597	418
5	22,292	613	429
6	22,905	630	441
7	23,535	647	453
8	24,183	665	466
9	24,848	683	478
10	25,531	702	491
	TOTAL:	$6,233	$4,363

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 20, 2023	2.75%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
TotalDirect, a division of City National Bank of Florida	5.51%	$25,000	Learn More
Last change: ↓0.15% on May 13. 3 Month CD.
Climate First Bank	5.34%	$500	Learn More
My e-Banc, a division of Bradesco BAC Florida Bank	5.30%	$50,000	Learn More
Last change: ↑0.25% on August 7. 6 Month Jumbo CD.
ableBanking, a division of Northeast Bank	5.20%	$500	Learn More
Last change: ↓0.10% on August 16.
LendingClub Bank, National Association	5.20%	$2,500	Learn More
Last change: ↑5.10% on August 12.

Compound Interest Calculator CD 30-month Account from INDIANA UNIVERSITY with 2.75% APY and $500 minimum deposit