Compound Interest Calculator
CD 4-year Account from SUPERIOR CHOICE with 2.63% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from SUPERIOR CHOICE with 2.63% 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 $25,928. The interest earned would be $5,928 and the tax amount on the interest earned would be approximately $1,778.

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 SUPERIOR CHOICE

Savings Boost of
$2,971 over 10 years
Cash Savings $20,000
Average Interest Earned $1,179

 
SUPERIOR CHOICE Interest Earned $4,150

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 162 114
2 20,162 164 115
3 20,326 165 116
4 20,491 166 116
5 20,658 168 117
6 20,825 169 118
7 20,994 170 119
8 21,165 172 120
9 21,337 173 121
10 21,510 175 122
TOTAL: $1,685 $1,179

SUPERIOR CHOICE Scenario

Rate:
2.63%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 526 368
2 20,526 540 378
3 21,066 554 388
4 21,620 569 398
5 22,188 584 408
6 22,772 599 419
7 23,371 615 430
8 23,986 631 442
9 24,616 647 453
10 25,264 664 465
TOTAL: $5,928 $4,150

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
March 4, 2024 2.63%
December 5, 2023 2.89%
October 20, 2023 2.63%
September 1, 2023 3.14%
August 20, 2023 2.89%


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Customer Reviews for Superior Choice


  • December 7, 2023 |

    100% a Rogue Bank.

    Wish I could give them a negative star.

    Banks like superior choice CU are the example why Americans are behind on building better credit portfolio. They for some strange reasons are ignorant enough to harm their potential customers credit history for zero gain for themselves.

    Here is my experience- i live in California found a high yield savings account that I was interested. Called their customer service for eligibility and was told getting ACC membership would let me become their customer which i purchased right away.

    Filled an online form for bringing in 25k into the savings account I applied for. They got all my details including ssn like they take when you apply for a credit card.
    They sent me an email and asked me ACC membership document, address proof document, driving license copy which I uploaded and sent them right away. And then sent me an email to come to their bank in Minnesota in person because they cannot approve me "virtually". These incompetents actually ran a hard inquiry while they always intended to decline me since I wasn't nearby their actual bank locations. Why can't they just specify that in eligibility criteria?

    I would advice to stay far away from Superior choice credit Union.


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