Compound Interest Calculator
CD 30-month Account from TEXAS DOW EMPLOYEES with 2.40% APY and $100,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

TEXAS DOW EMPLOYEES Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 30-month Account from TEXAS DOW EMPLOYEES with 2.40% 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 $25,353. The interest earned would be $5,353 and the tax amount on the interest earned would be approximately $1,606.

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 TEXAS DOW EMPLOYEES

Savings Boost of
$3,429 over 10 years

Cash Savings $20,000

Average Interest Earned $318

TEXAS DOW EMPLOYEES Interest Earned $3,747

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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,090	45	32
4	20,135	45	32
5	20,181	45	32
6	20,226	46	32
7	20,272	46	32
8	20,317	46	32
9	20,363	46	32
10	20,409	46	32
	TOTAL:	$455	$318

TEXAS DOW EMPLOYEES Scenario

	Rate: 2.40%	Annual Interest	Annual Interest (After Tax)
1	20,000	480	336
2	20,480	492	344
3	20,972	503	352
4	21,475	515	361
5	21,990	528	369
6	22,518	540	378
7	23,058	553	387
8	23,612	567	397
9	24,179	580	406
10	24,759	594	416
	TOTAL:	$5,353	$3,747

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^?
My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
Valley Direct, a division of Valley National Bank	5.00%	$500	Learn More
Last change: ↑3.00% on August 7.
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.
Norwood Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.

Customer Reviews for Texas Dow Employees (2)

tonaroof

January 24, 2020 | | Replies 1

CDs 60 Month Rates

This rate is not accurate as it is 2.25%

Is this review helpful? Yes:0 / No: 1

tonaroof | Feb 18, 2020

now that it has been corrected, the review is not relevant anymore

Add Your Review

or use your BestCashCow account

Compound Interest Calculator CD 30-month Account from TEXAS DOW EMPLOYEES with 2.40% APY and $100,000 minimum deposit