Compound Interest Calculator
CD 2-year Account from PLUS with 1.30% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from PLUS with 1.30% 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 $22,751. The interest earned would be $2,751 and the tax amount on the interest earned would be approximately $825.

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
$974 over 10 years
Cash Savings $20,000
Average Interest Earned $952

 
PLUS Interest Earned $1,926

 

 

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 20,000 132 92
2 20,132 133 93
3 20,265 134 94
4 20,399 135 94
5 20,533 136 95
6 20,669 136 95
7 20,805 137 96
8 20,942 138 97
9 21,081 139 97
10 21,220 140 98
TOTAL: $1,360 $952

PLUS Scenario

Rate:
1.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 259 182
2 20,259 263 184
3 20,522 266 186
4 20,788 270 189
5 21,058 273 191
6 21,331 277 194
7 21,608 280 196
8 21,888 284 199
9 22,172 288 201
10 22,459 291 204
TOTAL: $2,751 $1,926

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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