Compound Interest Calculator
CD 1-year Account from PLUS with 1.00% APY and $10,000 minimum deposit

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The product CD 1-year Account from PLUS with 1.00% 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 $22,090. The interest earned would be $2,090 and the tax amount on the interest earned would be approximately $627.

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

The Results for PLUS

Savings Boost of
$675 over 10 years

Cash Savings $20,000

Average Interest Earned $788

PLUS Interest Earned $1,463

Compare

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	110	77
3	20,220	111	78
4	20,331	112	78
5	20,443	112	79
6	20,555	113	79
7	20,668	113	79
8	20,781	114	80
9	20,895	115	80
10	21,010	115	81
	TOTAL:	$1,126	$788

PLUS Scenario

	Rate: 1.00%	Annual Interest	Annual Interest (After Tax)
1	20,000	200	140
2	20,200	202	141
3	20,402	204	143
4	20,605	206	144
5	20,811	208	146
6	21,019	210	147
7	21,229	212	148
8	21,441	214	150
9	21,655	216	151
10	21,872	218	153
	TOTAL:	$2,090	$1,463

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 1-year Account from PLUS with 1.00% APY and $10,000 minimum deposit