Compound Interest Calculator
CD 3-year Account from TEAM ONE with 1.20% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

TEAM ONE Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 3-year Account from TEAM ONE with 1.20% 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 $22,534. The interest earned would be $2,534 and the tax amount on the interest earned would be approximately $760.

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

The Results for TEAM ONE

Savings Boost of
$686 over 10 years

Cash Savings $20,000

Average Interest Earned $1,088

TEAM ONE Interest Earned $1,774

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: 0.75%	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

TEAM ONE Scenario

	Rate: 1.20%	Annual Interest	Annual Interest (After Tax)
1	20,000	240	168
2	20,240	243	170
3	20,483	246	172
4	20,729	249	174
5	20,977	252	176
6	21,229	255	178
7	21,484	258	180
8	21,742	261	183
9	22,003	264	185
10	22,267	267	187
	TOTAL:	$2,534	$1,774

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
TotalDirect, a division of City National Bank of Florida	5.51%	$25,000	Learn More
Last change: ↓0.15% on May 13. 3 Month CD.
ableBanking, a division of Northeast Bank	5.20%	$500	Learn More
Last change: ↓0.10% on August 16.
Gateway First Bank	5.15%	$500	Learn More
Last change: ↓0.10% on July 30.
LendingClub Bank, National Association	5.10%	$2,500	Learn More
Last change: ↓0.10% on September 18.
Quontic Bank	5.10%	$500	Learn More
Last change: ↑0.05% on August 24. Warning: Early withdrawal penalty equals six months of interest.

Compound Interest Calculator CD 3-year Account from TEAM ONE with 1.20% APY and $10,000 minimum deposit