Compound Interest Calculator
CD 1-year Account from LIBRARY OF CONGRESS with 4.42% APY and $500 minimum deposit

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The product CD 1-year Account from LIBRARY OF CONGRESS with 4.42% 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 $30,822. The interest earned would be $10,822 and the tax amount on the interest earned would be approximately $3,247.

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 LIBRARY OF CONGRESS

Savings Boost of
$6,783 over 10 years

Cash Savings $20,000

Average Interest Earned $792

LIBRARY OF CONGRESS Interest Earned $7,576

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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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	110	77
2	20,110	111	78
3	20,221	112	78
4	20,333	112	79
5	20,445	113	79
6	20,558	113	79
7	20,672	114	80
8	20,786	115	80
9	20,900	115	81
10	21,016	116	81
	TOTAL:	$1,132	$792

LIBRARY OF CONGRESS Scenario

	Rate: 4.42%	Annual Interest	Annual Interest (After Tax)
1	20,000	884	619
2	20,884	923	646
3	21,807	964	675
4	22,771	1,006	705
5	23,777	1,051	736
6	24,828	1,097	768
7	25,926	1,146	802
8	27,072	1,197	838
9	28,268	1,249	875
10	29,518	1,305	913
	TOTAL:	$10,822	$7,576

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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
March 3, 2025	4.42%
February 24, 2025	4.47%
March 28, 2024	4.89%

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 1-year Account from LIBRARY OF CONGRESS with 4.42% APY and $500 minimum deposit