Compound Interest Calculator
CD 4-year Account from POWERCO with 1.18% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from POWERCO with 1.18% APY and $500 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 $22,489. The interest earned would be $2,489 and the tax amount on the interest earned would be approximately $747.

Please note that this product is available in Georgia 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 APCO EMPLOYEES.

The Results for POWERCO

Savings Boost of
$562 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
POWERCO Interest Earned $1,743

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

POWERCO Scenario

Rate:
1.18%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 236 165
2 20,236 239 167
3 20,475 242 169
4 20,716 244 171
5 20,961 247 173
6 21,208 250 175
7 21,458 253 177
8 21,712 256 179
9 21,968 259 181
10 22,227 262 184
TOTAL: $2,489 $1,743

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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