Compound Interest Calculator
CD 5-year Account from 121 FINANCIAL with 3.45% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from 121 FINANCIAL with 3.45% 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 $28,076. The interest earned would be $8,076 and the tax amount on the interest earned would be approximately $2,423.

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

Our records indicate that this institution has been acquired by VYSTAR.

The Results for 121 FINANCIAL

Savings Boost of
$4,320 over 10 years
Cash Savings $20,000
Average Interest Earned $1,334

 
121 FINANCIAL Interest Earned $5,653

 

 

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:
0.91%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 184 129
3 20,367 186 130
4 20,553 188 132
5 20,741 190 133
6 20,931 191 134
7 21,122 193 135
8 21,315 195 136
9 21,510 197 138
10 21,707 198 139
TOTAL: $1,905 $1,334

121 FINANCIAL Scenario

Rate:
3.45%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 690 483
2 20,690 714 500
3 21,404 738 517
4 22,142 764 535
5 22,906 790 553
6 23,696 818 572
7 24,514 846 592
8 25,360 875 612
9 26,235 905 634
10 27,140 936 655
TOTAL: $8,076 $5,653

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
September 20, 2023 3.45%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.05% on August 24.
Warning: Early withdrawal penalty equals six months of interest.

Last change: ↓0.45% on May 13.
6 Month CD.

Last change: ↓0.10% on October 7.

Last change: ↓0.51% on October 1.
3 Month CD.



Customer Reviews for 121 Financial


  • October 17, 2018

    This was a great credit union when it was Florida Telco. They have lost all their former great customer service. Trying care about their members anymore.... It's just like a bank


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