Compound Interest Calculator
CD 3-year Account from PENOBSCOT COUNTY with 1.06% APY and $10,000 minimum deposit

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The product CD 3-year Account from PENOBSCOT COUNTY with 1.06% 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 $22,213. The interest earned would be $2,213 and the tax amount on the interest earned would be approximately $664.

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

Our records indicate that this institution has been acquired by THE COUNTY.

The Results for PENOBSCOT COUNTY

Savings Boost of
$463 over 10 years

Cash Savings $20,000

Average Interest Earned $1,086

PENOBSCOT COUNTY Interest Earned $1,549

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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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	150	105
2	20,150	151	106
3	20,301	152	107
4	20,453	153	107
5	20,607	155	108
6	20,761	156	109
7	20,917	157	110
8	21,074	158	111
9	21,232	159	111
10	21,391	160	112
	TOTAL:	$1,552	$1,086

PENOBSCOT COUNTY Scenario

	Rate: 1.06%	Annual Interest	Annual Interest (After Tax)
1	20,000	211	148
2	20,211	213	149
3	20,424	215	151
4	20,640	218	152
5	20,857	220	154
6	21,077	222	156
7	21,300	225	157
8	21,525	227	159
9	21,752	229	161
10	21,981	232	162
	TOTAL:	$2,213	$1,549

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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.

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My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
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Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.

Compound Interest Calculator CD 3-year Account from PENOBSCOT COUNTY with 1.06% APY and $10,000 minimum deposit