Compound Interest Calculator
CD 1-year Account from MID-HUDSON VALLEY with 2.35% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from MID-HUDSON VALLEY with 2.35% 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 $25,229. The interest earned would be $5,229 and the tax amount on the interest earned would be approximately $1,569.

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

The Results for MID-HUDSON VALLEY

Savings Boost of
$2,871 over 10 years
Cash Savings $20,000
Average Interest Earned $789

 
MID-HUDSON VALLEY Interest Earned $3,661

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 77
3 20,221 111 78
4 20,332 112 78
5 20,444 112 79
6 20,556 113 79
7 20,669 114 80
8 20,783 114 80
9 20,897 115 80
10 21,012 116 81
TOTAL: $1,128 $789

MID-HUDSON VALLEY Scenario

Rate:
2.35%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 470 329
2 20,470 481 337
3 20,951 492 345
4 21,443 504 353
5 21,947 516 361
6 22,463 528 370
7 22,991 540 378
8 23,531 553 387
9 24,084 566 396
10 24,650 579 405
TOTAL: $5,229 $3,661

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
August 20, 2023 2.35%


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Customer Reviews for Mid-hudson Valley


  • May 25, 2022

    Your CD are lower than HUDSON Valley Credit Union .At one time you where good. 5-25-22


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