Compound Interest Calculator
CD 5-year Account from Wells River Savings Bank with 1.52% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Wells River Savings Bank with 1.52% 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 $23,257. The interest earned would be $3,257 and the tax amount on the interest earned would be approximately $977.

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

The Results for Wells River Savings Bank

Savings Boost of
$940 over 10 years
Cash Savings $20,000
Average Interest Earned $1,340

 
Wells River Savings Bank Interest Earned $2,280

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 184 129
2 20,184 185 130
3 20,369 187 131
4 20,556 189 132
5 20,745 190 133
6 20,935 192 135
7 21,127 194 136
8 21,321 196 137
9 21,517 198 138
10 21,714 199 140
TOTAL: $1,914 $1,340

Wells River Savings Bank Scenario

Rate:
1.52%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 304 213
2 20,304 309 216
3 20,613 313 219
4 20,926 318 223
5 21,244 323 226
6 21,567 328 229
7 21,895 333 233
8 22,228 338 237
9 22,565 343 240
10 22,908 348 244
TOTAL: $3,257 $2,280

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.



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