Compound Interest Calculator
CD 1-year Account from TEXAS TECH with 1.01% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

TEXAS TECH Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from TEXAS TECH with 1.01% 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 $22,114. The interest earned would be $2,114 and the tax amount on the interest earned would be approximately $634.

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

The Results for TEXAS TECH

Savings Boost of
$677 over 10 years

Cash Savings $20,000

Average Interest Earned $803

TEXAS TECH Interest Earned $1,480

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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	112	78
2	20,112	112	79
3	20,224	113	79
4	20,337	114	80
5	20,451	114	80
6	20,565	115	80
7	20,680	116	81
8	20,796	116	81
9	20,912	117	82
10	21,029	118	82
	TOTAL:	$1,147	$803

TEXAS TECH Scenario

	Rate: 1.01%	Annual Interest	Annual Interest (After Tax)
1	20,000	202	141
2	20,202	204	143
3	20,406	206	144
4	20,612	208	146
5	20,820	210	147
6	21,031	212	149
7	21,243	215	150
8	21,458	217	152
9	21,674	219	153
10	21,893	221	155
	TOTAL:	$2,114	$1,480

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.
Climate First Bank	5.34%	$500	Learn More
My e-Banc, a division of Bradesco BAC Florida Bank	5.30%	$50,000	Learn More
Last change: ↑0.25% on August 7. 6 Month Jumbo CD.
ableBanking, a division of Northeast Bank	5.20%	$500	Learn More
Last change: ↓0.10% on August 16.
LendingClub Bank, National Association	5.20%	$2,500	Learn More
Last change: ↑5.10% on August 12.

Compound Interest Calculator CD 1-year Account from TEXAS TECH with 1.01% APY and $10,000 minimum deposit