Compound Interest Calculator
CD 2-year Account from Industrial and Commercial Bank of China USA, National Association with 0.60% APY and $10,000 minimum deposit

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The product CD 2-year Account from Industrial and Commercial Bank of China USA, National Association with 0.60% 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 $21,233. The interest earned would be $1,233 and the tax amount on the interest earned would be approximately $370.

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

The Results for Industrial and Commercial Bank of China USA, National Association

Savings Boost of
$-86 over 10 years

Cash Savings $20,000

Average Interest Earned $949

Industrial and Commercial Bank of China USA, National Association Interest Earned $863

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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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	132	92
2	20,132	132	93
3	20,264	133	93
4	20,397	134	94
5	20,532	135	95
6	20,667	136	95
7	20,803	137	96
8	20,940	138	96
9	21,077	139	97
10	21,216	140	98
	TOTAL:	$1,356	$949

Industrial and Commercial Bank of China USA, National Association Scenario

	Rate: 0.60%	Annual Interest	Annual Interest (After Tax)
1	20,000	120	84
2	20,120	121	85
3	20,241	121	85
4	20,362	122	86
5	20,484	123	86
6	20,607	124	87
7	20,731	124	87
8	20,855	125	88
9	20,980	126	88
10	21,106	127	89
	TOTAL:	$1,233	$863

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Compound Interest Calculator CD 2-year Account from Industrial and Commercial Bank of China USA, National Association with 0.60% APY and $10,000 minimum deposit