Compound Interest Calculator
CD 3-year Account from POLICE & FIRE with 3.25% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from POLICE & FIRE with 3.25% 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 $27,538. The interest earned would be $7,538 and the tax amount on the interest earned would be approximately $2,261.

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 POLICE & FIRE

Savings Boost of
$4,184 over 10 years
Cash Savings $20,000
Average Interest Earned $1,092

 
POLICE & FIRE Interest Earned $5,277

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 151 106
2 20,151 152 106
3 20,303 153 107
4 20,456 154 108
5 20,610 155 109
6 20,765 157 110
7 20,922 158 110
8 21,080 159 111
9 21,239 160 112
10 21,399 161 113
TOTAL: $1,560 $1,092

POLICE & FIRE Scenario

Rate:
3.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 650 455
2 20,650 671 470
3 21,321 693 485
4 22,014 715 501
5 22,730 739 517
6 23,468 763 534
7 24,231 788 551
8 25,018 813 569
9 25,832 840 588
10 26,671 867 607
TOTAL: $7,538 $5,277

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
December 11, 2024 3.25%
January 2, 2024 4.00%
August 19, 2023 3.75%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.15% on March 22.

Last change: ↓0.50% on October 1, 2024.

Last change: ↑0.20% on January 18.

Last change: ↓0.15% on January 25.

Last change: ↓0.50% on February 25.



Customer Reviews for Police & Fire


  • October 9, 2023 |

    Savings Rates

    Member for 50 years and have aeen it grow and develop with changing times and technology quickly and smoothly. Has helped me and my family, tremendously, through any and all crisis... don't know how Id ha e got through it all without PFFCU.


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