Compound Interest Calculator
CD 5-year Account from ORNL with 0.64% APY and $10,000 minimum deposit

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The product CD 5-year Account from ORNL with 0.64% APY and $10,000 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 $21,318. The interest earned would be $1,318 and the tax amount on the interest earned would be approximately $395.

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

The Results for ORNL

Savings Boost of
$-419 over 10 years

Cash Savings $20,000

Average Interest Earned $1,341

ORNL Interest Earned $922

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	184	129
2	20,184	185	130
3	20,369	187	131
4	20,556	189	132
5	20,745	191	133
6	20,936	192	135
7	21,128	194	136
8	21,323	196	137
9	21,519	198	138
10	21,716	200	140
	TOTAL:	$1,916	$1,341

ORNL Scenario

	Rate: 0.64%	Annual Interest	Annual Interest (After Tax)
1	20,000	128	90
2	20,128	129	90
3	20,257	130	91
4	20,386	130	91
5	20,517	131	92
6	20,648	132	93
7	20,780	133	93
8	20,913	134	94
9	21,047	135	94
10	21,182	136	95
	TOTAL:	$1,318	$922

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 5-year Account from ORNL with 0.64% APY and $10,000 minimum deposit