Compound Interest Calculator
CD 1-year Account from WE FLORIDA FINANCIAL with 3.75% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from WE FLORIDA FINANCIAL with 3.75% APY and $500 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 $28,901. The interest earned would be $8,901 and the tax amount on the interest earned would be approximately $2,670.

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 WE FLORIDA FINANCIAL

Savings Boost of
$5,438 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
WE FLORIDA FINANCIAL Interest Earned $6,231

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

WE FLORIDA FINANCIAL Scenario

Rate:
3.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 750 525
2 20,750 778 545
3 21,528 807 565
4 22,335 838 586
5 23,173 869 608
6 24,042 902 631
7 24,944 935 655
8 25,879 970 679
9 26,849 1,007 705
10 27,856 1,045 731
TOTAL: $8,901 $6,231

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
November 18, 2024 3.75%
August 2, 2024 4.00%
April 23, 2024 4.45%
April 15, 2024 4.55%
March 4, 2024 5.15%


Featured CD Rates

ONLINE BANKS APY? MIN?

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3 Month CD.

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Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.25% on October 16.



Customer Reviews for We Florida Financial


  • April 13, 2020 |

    OMG! The worst. If you want to take your money out it is very difficult. Even though the IRS doesn't require anyone to tell why they are taking money out unless it is more than $10k these people will not give you your own money unless you tell them why you are withdrawing it. You cannot get any kind of assistance from anyone at the credit union, you have to talk to someone on the phone who is usually clueless. Run away. Bank somewhere else.


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