Compound Interest Calculator
CD 2-year Account from LANGLEY with 3.60% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from LANGLEY with 3.60% 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 $28,486. The interest earned would be $8,486 and the tax amount on the interest earned would be approximately $2,546.

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 LANGLEY

Savings Boost of
$4,993 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
LANGLEY Interest Earned $5,940

 

 

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 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

LANGLEY Scenario

Rate:
3.60%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 720 504
2 20,720 746 522
3 21,466 773 541
4 22,239 801 560
5 23,039 829 581
6 23,869 859 601
7 24,728 890 623
8 25,618 922 646
9 26,540 955 669
10 27,496 990 693
TOTAL: $8,486 $5,940

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
September 13, 2024 3.60%
August 16, 2024 3.75%
March 5, 2024 4.15%
January 5, 2024 4.25%
August 20, 2023 4.50%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.