Compound Interest Calculator
CD 1-year Account from PENTAGON with 3.80% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from PENTAGON with 3.80% APY and $1,000 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 $29,040. The interest earned would be $9,040 and the tax amount on the interest earned would be approximately $2,712.

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 PENTAGON

Savings Boost of
$5,536 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
PENTAGON Interest Earned $6,328

 

 

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 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

PENTAGON Scenario

Rate:
3.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 760 532
2 20,760 789 552
3 21,549 819 573
4 22,368 850 595
5 23,218 882 618
6 24,100 916 641
7 25,016 951 665
8 25,966 987 691
9 26,953 1,024 717
10 27,977 1,063 744
TOTAL: $9,040 $6,328

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
November 17, 2024 3.80%
September 16, 2024 4.00%
March 8, 2024 4.50%
October 23, 2023 5.25%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.



Customer Reviews for Pentagon (17)


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  • December 25, 2023

    I joined in PENFED in Spring Of 2023 after 15 yrs of belonging to one of the banking giants. I found my accounts dwindling fast unexplained decreases. I decided to close the account but had to return a merchandise for 600.00 same day I closed. Reassured I would get the money from my card refund. I never got that money. The local telkers winkie blinked at each other, asked each other in front of me giggling if that had been taken care of..., then told me they had no such transaction. The merchant showed me a refund after my account closed. Thug Mafia like principles. This is for you if you are like minded. End times.

  • November 8, 2023 |

    My husband and I have hade acoou t-shirts with Penfed for over 20 years. Lately the services are awful. Takes 2-3 days to show a transfer ( within the credit union) New website is not user friendly, why companies feel they they need to “update” , why fix something that’s not broke! Difficult to talk to a real person, chat is worthless. It’s a shame .

  • July 31, 2023

    CDs 12 Month Rates

    Member since 1967. Screwed up 2 closings! Sale and buy, all PFCU mortages. Delays forced reschedule and living on economy plus mover surcharge to hold furniture. LAST business I'll ever do with these incompetents that can't do simple tasks on time!

  • November 11, 2022 |

    I have been with PenFed for a number of years, and have gotten good products. Employees have been helpful. However, beware of titling for accounts with trusts.
    You will not be able to distinguish between names of personal accounts and names of trusts. This becomes a problem in that trustees are listed as joint owners for a trust account. They sent letters to clarify this issue and the letters made my point.
    This is a problem waiting to happen.


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