Compound Interest Calculator
CD 1-year Account from TRUITY with 0.45% APY and $100,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

TRUITY Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from TRUITY with 0.45% 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 $20,918. The interest earned would be $918 and the tax amount on the interest earned would be approximately $276.

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

The Results for TRUITY

Savings Boost of
$-154 over 10 years

Cash Savings $20,000

Average Interest Earned $797

TRUITY Interest Earned $643

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	111	78
2	20,111	112	78
3	20,223	112	79
4	20,335	113	79
5	20,448	113	79
6	20,561	114	80
7	20,675	115	80
8	20,790	115	81
9	20,905	116	81
10	21,021	117	82
	TOTAL:	$1,138	$797

TRUITY Scenario

	Rate: 0.45%	Annual Interest	Annual Interest (After Tax)
1	20,000	90	63
2	20,090	90	63
3	20,180	91	64
4	20,271	91	64
5	20,362	92	64
6	20,454	92	64
7	20,546	92	65
8	20,639	93	65
9	20,731	93	65
10	20,825	94	66
	TOTAL:	$918	$643

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^?
Valley Direct, a division of Valley National Bank	5.00%	$500	Learn More
Last change: ↑3.00% on August 7.
Bank5 Connect	4.95%	$500	Learn More
Last change: ↓0.10% on October 16. 6 Month CD.
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.

Compound Interest Calculator CD 1-year Account from TRUITY with 0.45% APY and $100,000 minimum deposit