Compound Interest Calculator
CD 5-year Account from RANDOLPH-BROOKS with 3.61% APY and $1,000 minimum deposit

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The product CD 5-year Account from RANDOLPH-BROOKS with 3.61% 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 $28,513. The interest earned would be $8,513 and the tax amount on the interest earned would be approximately $2,554.

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

The Results for RANDOLPH-BROOKS

Savings Boost of
$4,626 over 10 years

Cash Savings $20,000

Average Interest Earned $1,334

RANDOLPH-BROOKS Interest Earned $5,959

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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: 0.91%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	184	129
3	20,367	186	130
4	20,553	188	132
5	20,741	190	133
6	20,931	191	134
7	21,122	193	135
8	21,315	195	136
9	21,510	197	138
10	21,707	198	139
	TOTAL:	$1,905	$1,334

RANDOLPH-BROOKS Scenario

	Rate: 3.61%	Annual Interest	Annual Interest (After Tax)
1	20,000	722	505
2	20,722	748	524
3	21,470	775	543
4	22,245	803	562
5	23,048	832	582
6	23,880	862	603
7	24,742	893	625
8	25,635	925	648
9	26,561	959	671
10	27,520	993	695
	TOTAL:	$8,513	$5,959

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
January 2, 2024	3.61%
August 20, 2023	3.60%

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Compound Interest Calculator CD 5-year Account from RANDOLPH-BROOKS with 3.61% APY and $1,000 minimum deposit