Compound Interest Calculator
CD 1-year Account from SOUTHERN SECURITY with 0.55% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from SOUTHERN SECURITY with 0.55% APY and $10,000 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 $21,128. The interest earned would be $1,128 and the tax amount on the interest earned would be approximately $338.

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

The Results for SOUTHERN SECURITY

Savings Boost of
$-6 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
SOUTHERN SECURITY Interest Earned $789

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

SOUTHERN SECURITY Scenario

Rate:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 77
3 20,221 111 78
4 20,332 112 78
5 20,444 112 79
6 20,556 113 79
7 20,669 114 80
8 20,783 114 80
9 20,897 115 80
10 21,012 116 81
TOTAL: $1,128 $789

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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Customer Reviews for Southern Security


  • May 7, 2021 |

    Becoming a member of SSFCU and breaking free of the traditional profit off consumers through big wealth trenching is the traditional banks as we know today on every corner. The suits will continue to gain Money never achieving true wealth because it’s source is greed that the common banking entities feed off of and it’s terrible. It’s a such a reward to be a part of something greater at SSFCU. A feeling that money cannot measure. I feel apart of a family with my true interests in mind... much like a team with SSFCU. I feel apart of something greater and very welcomed. The customer service is absolutely amazing and the overall financial security knowing that my wealth is much more than a dollar being apart of SSFCU is priceless.

    Becoming a member was through my employer and I understand why some Credit Unions have these type of requirements as it creates a reward to be apart of something like SouthernSecurity Federal Credit Union.

    I do not mind driving out of the way to deposit cash and no real reason to carry much cash today to even consider using out of network ATM and face surcharge.

    Digital Money is here now. Just transfer to a PayPal card and use at ATM to avoid fees. I can’t think of a single CON to being apart of SSFCU.

    ????????


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