Compound Interest Calculator
CD 1-year Account from REV with 4.75% APY and $250 minimum deposit

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The product CD 1-year Account from REV with 4.75% APY and $250 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 $31,810. The interest earned would be $11,810 and the tax amount on the interest earned would be approximately $3,543.

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 REV

Savings Boost of
$7,465 over 10 years

Cash Savings $20,000

Average Interest Earned $803

REV Interest Earned $8,267

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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	112	78
2	20,112	112	79
3	20,224	113	79
4	20,337	114	80
5	20,451	114	80
6	20,565	115	80
7	20,680	116	81
8	20,796	116	81
9	20,912	117	82
10	21,029	118	82
	TOTAL:	$1,147	$803

REV Scenario

	Rate: 4.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	950	665
2	20,950	995	697
3	21,945	1,042	730
4	22,988	1,092	764
5	24,079	1,144	801
6	25,223	1,198	839
7	26,421	1,255	879
8	27,676	1,315	920
9	28,991	1,377	964
10	30,368	1,442	1,010
	TOTAL:	$11,810	$8,267

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
July 29, 2024	4.75%
June 10, 2024	3.75%
January 16, 2024	1.75%
December 13, 2023	5.00%

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Compound Interest Calculator CD 1-year Account from REV with 4.75% APY and $250 minimum deposit