Compound Interest Calculator
CD 2-year Account from MCCOY with 2.43% APY and $100,000 minimum deposit

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The product CD 2-year Account from MCCOY with 2.43% APY and $100,000 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 $25,420. The interest earned would be $5,420 and the tax amount on the interest earned would be approximately $1,626.

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 MCCOY

Savings Boost of
$2,844 over 10 years

Cash Savings $20,000

Average Interest Earned $950

MCCOY Interest Earned $3,794

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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	133	93
3	20,264	134	93
4	20,398	134	94
5	20,532	135	95
6	20,668	136	95
7	20,804	137	96
8	20,941	138	97
9	21,079	139	97
10	21,218	140	98
	TOTAL:	$1,358	$950

MCCOY Scenario

	Rate: 2.43%	Annual Interest	Annual Interest (After Tax)
1	20,000	485	340
2	20,485	497	348
3	20,983	509	356
4	21,492	522	365
5	22,013	534	374
6	22,548	547	383
7	23,095	561	392
8	23,655	574	402
9	24,230	588	412
10	24,818	602	422
	TOTAL:	$5,420	$3,794

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.

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Compound Interest Calculator CD 2-year Account from MCCOY with 2.43% APY and $100,000 minimum deposit