Compound Interest Calculator
CD 6-month Account from Union Bank and Trust Company with 1.66% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from Union Bank and Trust Company with 1.66% APY and $1,000 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 $23,579. The interest earned would be $3,579 and the tax amount on the interest earned would be approximately $1,074.

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 Union Bank and Trust Company

Savings Boost of
$2,187 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Union Bank and Trust Company Interest Earned $2,506

 

 

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

Union Bank and Trust Company Scenario

Rate:
1.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 332 232
2 20,332 338 236
3 20,670 343 240
4 21,013 349 244
5 21,361 355 248
6 21,716 360 252
7 22,077 366 257
8 22,443 373 261
9 22,816 379 265
10 23,194 385 270
TOTAL: $3,579 $2,506

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
February 25, 2025 1.66%
October 22, 2024 4.60%
August 16, 2024 5.10%
July 19, 2024 4.95%
August 20, 2023 1.66%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.15% on March 22.

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Last change: ↓0.15% on January 25.

Last change: ↓0.50% on February 25.



Customer Reviews for Union Bank and Trust Company


  • November 3, 2023 |

    site does not update at all, totally wrong rates listed

  • June 5, 2021

    CDs 12 Month Rates

    Wrong rates according to this web site best cash cow cd rates best cash cow .65 union bank .40


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