The product CD 3-year Account from SHELL with 3.90% APY and $100,000 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 $29,321. The interest earned would be $9,321 and the tax amount on the interest earned would be approximately $2,796.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.75% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 150 | 105 |
| 2 | 20,150 | 151 | 106 |
| 3 | 20,302 | 152 | 107 |
| 4 | 20,454 | 154 | 108 |
| 5 | 20,608 | 155 | 108 |
| 6 | 20,762 | 156 | 109 |
| 7 | 20,918 | 157 | 110 |
| 8 | 21,075 | 158 | 111 |
| 9 | 21,234 | 159 | 112 |
| 10 | 21,393 | 161 | 112 |
| TOTAL: | $1,554 | $1,088 |
| Rate: 3.90% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 780 | 546 |
| 2 | 20,780 | 810 | 567 |
| 3 | 21,590 | 842 | 589 |
| 4 | 22,432 | 875 | 612 |
| 5 | 23,307 | 909 | 636 |
| 6 | 24,216 | 944 | 661 |
| 7 | 25,161 | 981 | 687 |
| 8 | 26,142 | 1,020 | 714 |
| 9 | 27,162 | 1,059 | 742 |
| 10 | 28,221 | 1,101 | 770 |
| TOTAL: | $9,321 | $6,525 |
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.
| Date | APY |
|---|---|
| February 3, 2025 | 3.90% |
| November 4, 2024 | 3.15% |
| August 31, 2024 | 3.40% |
| February 2, 2024 | 3.65% |
| September 8, 2023 | 3.90% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.60% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.55% |
$50,000 |
Learn More | |
|
Last change: ↓0.10% on February 9. |
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|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.51% |
$25,000 |
Learn More | |
|
Last change: ↓0.10% on February 17. |
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|
|
4.50% |
$25,000 |
Learn More | |
|
Last change: ↓0.85% on August 7, 2024. |
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Customer Reviews for Shell
Jamaal D. Robinson
August 17, 2016
Hello,
I am the CEO of a small credit union here in Dallas, and we are currently looking for another credit union to deposit a CD into. We are not receiving much of a benefit from our current institution, and would like to know the criteria to becoming a member and depositing into your fine institution. If you have a chance, please have a representative to contact me at 214.375.4271 or email me at goodstreetfcu@sbcglobal.net.
Thank you for your time, and we look forward to speaking with you.
Jamaal D. Robinson
Interim CEO
Good Street FCU
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