Compound Interest Calculator
CD 3-year Account from SELF-HELP with 3.35% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from SELF-HELP with 3.35% 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 $27,806. The interest earned would be $7,806 and the tax amount on the interest earned would be approximately $2,342.

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 SELF-HELP

Savings Boost of
$4,378 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
SELF-HELP Interest Earned $5,464

 

 

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 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

SELF-HELP Scenario

Rate:
3.35%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 670 469
2 20,670 692 485
3 21,362 716 501
4 22,078 740 518
5 22,818 764 535
6 23,582 790 553
7 24,372 816 572
8 25,189 844 591
9 26,032 872 610
10 26,904 901 631
TOTAL: $7,806 $5,464

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
September 25, 2024 3.35%
September 4, 2024 3.67%
August 2, 2024 3.87%
January 5, 2024 4.08%
December 15, 2023 4.29%
November 3, 2023 4.86%
October 3, 2023 4.65%
August 19, 2023 4.55%


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Customer Reviews for Self-help


  • December 30, 2018 |

    Best financial institution in NC. Highest rates on savings and is involved with helping their customers and the communities they operate in.


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