Compound Interest Calculator
CD 1-year Account from Wells Fargo Bank South Central, National Association with 1.50% APY and $0 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Wells Fargo Bank South Central, National Association Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from Wells Fargo Bank South Central, National Association with 1.50% APY and $0 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 $23,211. The interest earned would be $3,211 and the tax amount on the interest earned would be approximately $963.

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 Wells Fargo Bank South Central, National Association

Savings Boost of
$1,452 over 10 years

Cash Savings $20,000

Average Interest Earned $795

Wells Fargo Bank South Central, National Association Interest Earned $2,248

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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	111	78
2	20,111	111	78
3	20,222	112	78
4	20,334	113	79
5	20,447	113	79
6	20,560	114	80
7	20,674	115	80
8	20,789	115	81
9	20,904	116	81
10	21,020	116	82
	TOTAL:	$1,136	$795

Wells Fargo Bank South Central, National Association Scenario

	Rate: 1.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	300	210
2	20,300	305	213
3	20,605	309	216
4	20,914	314	220
5	21,227	318	223
6	21,546	323	226
7	21,869	328	230
8	22,197	333	233
9	22,530	338	237
10	22,868	343	240
	TOTAL:	$3,211	$2,248

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
January 25, 2024	1.50%
January 25, 2024	1.00%

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.

Compound Interest Calculator CD 1-year Account from Wells Fargo Bank South Central, National Association with 1.50% APY and $0 minimum deposit