Compound Interest Calculator
CD 2-year Account from SOUTHWEST 66 with 1.85% APY and $1,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

SOUTHWEST 66 Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 2-year Account from SOUTHWEST 66 with 1.85% 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 $24,024. The interest earned would be $4,024 and the tax amount on the interest earned would be approximately $1,207.

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 SOUTHWEST 66

Savings Boost of
$1,868 over 10 years

Cash Savings $20,000

Average Interest Earned $949

SOUTHWEST 66 Interest Earned $2,817

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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	132	92
2	20,132	132	93
3	20,264	133	93
4	20,397	134	94
5	20,532	135	95
6	20,667	136	95
7	20,803	137	96
8	20,940	138	96
9	21,077	139	97
10	21,216	140	98
	TOTAL:	$1,356	$949

SOUTHWEST 66 Scenario

	Rate: 1.85%	Annual Interest	Annual Interest (After Tax)
1	20,000	370	259
2	20,370	377	264
3	20,747	384	269
4	21,131	391	274
5	21,522	398	279
6	21,920	406	284
7	22,325	413	289
8	22,738	421	294
9	23,159	428	300
10	23,587	436	305
	TOTAL:	$4,024	$2,817

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
August 20, 2023	1.85%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↓0.09% on December 7. 6 Month Jumbo CD.
Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.
Rising Bank, a division of Midwest BankCentre	4.70%	$1,000	Learn More
Last change: ↑0.70% on December 7.

Compound Interest Calculator CD 2-year Account from SOUTHWEST 66 with 1.85% APY and $1,000 minimum deposit