Compound Interest Calculator
CD 30-month Account from Legacy Bank with 0.51% APY and $500 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Legacy Bank Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 30-month Account from Legacy Bank with 0.51% 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 $21,046. The interest earned would be $1,046 and the tax amount on the interest earned would be approximately $314.

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

The Results for Legacy Bank

Savings Boost of
$412 over 10 years

Cash Savings $20,000

Average Interest Earned $320

Legacy Bank Interest Earned $732

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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,091	45	32
4	20,136	46	32
5	20,181	46	32
6	20,227	46	32
7	20,273	46	32
8	20,319	46	32
9	20,364	46	32
10	20,410	46	32
	TOTAL:	$457	$320

Legacy Bank Scenario

	Rate: 0.51%	Annual Interest	Annual Interest (After Tax)
1	20,000	102	72
2	20,102	103	72
3	20,205	103	72
4	20,308	104	73
5	20,412	104	73
6	20,516	105	73
7	20,621	105	74
8	20,726	106	74
9	20,832	106	75
10	20,939	107	75
	TOTAL:	$1,046	$732

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	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↑0.20% on October 28. Early Withdrawal Penalty is 3 months interest.
ableBanking, a division of Northeast Bank	4.70%	$500	Learn More
Last change: ↓0.50% on October 1.

Compound Interest Calculator CD 30-month Account from Legacy Bank with 0.51% APY and $500 minimum deposit