Compound Interest Calculator
CD 2-year Account from MYCOM with 0.65% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from MYCOM with 0.65% 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 $21,339. The interest earned would be $1,339 and the tax amount on the interest earned would be approximately $402.

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

The Results for MYCOM

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

 
MYCOM Interest Earned $937

 

 

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

MYCOM Scenario

Rate:
0.65%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 130 91
2 20,130 131 92
3 20,261 132 92
4 20,393 133 93
5 20,525 133 93
6 20,659 134 94
7 20,793 135 95
8 20,928 136 95
9 21,064 137 96
10 21,201 138 96
TOTAL: $1,339 $937

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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Customer Reviews for Mycom


  • June 7, 2024 |

    Chasity/Chastity/Whatever her name is = Rude, nasty, poor communication, would not allow me to speak with someone else who is respectful saying no one else was there - I called back in 5 minutes and there was certainly others there. Interrupted me over and over and treated me as though I was stupid saying blaming me for not understand HER communication as though she was not responsible for huffing and puffing, letting out long sighs, laughing, and not allowing me to ask the correct questions to understand her reason for calling since she would not let me talk. Reminding her that I am the customer and HER JOB is to be respectful didn't have any impact. She feels superior, all-knowing, powerful, with no fear of corrective action from management, not someone I trust, if she is receiving my payments, how do I know they will be submitted. I dont trust her so I no longer trust this bank.


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