Compound Interest Calculator
CD 2-year Account from BFG with 0.25% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from BFG with 0.25% 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 $20,506. The interest earned would be $506 and the tax amount on the interest earned would be approximately $152.

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

The Results for BFG

Savings Boost of
$-596 over 10 years
Cash Savings $20,000
Average Interest Earned $950

 
BFG Interest Earned $354

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 132 92
2 20,132 133 93
3 20,264 134 93
4 20,398 134 94
5 20,532 135 95
6 20,668 136 95
7 20,804 137 96
8 20,941 138 97
9 21,079 139 97
10 21,218 140 98
TOTAL: $1,358 $950

BFG Scenario

Rate:
0.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 50 35
2 20,050 50 35
3 20,100 50 35
4 20,150 50 35
5 20,201 51 35
6 20,251 51 35
7 20,302 51 36
8 20,353 51 36
9 20,404 51 36
10 20,455 51 36
TOTAL: $506 $354

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.



Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

12-Month

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

13-Month

Save for the things you want later. Easy online application.

7-Month

7-Month CD Special - Save for the things you want later. Easy online application.

6-Month

5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.



Customer Reviews for Bfg


  • October 17, 2018 |

    Savings Rates

    Ive never been able to obtain anything but a signature loan from them and I've been a member with BFG for years.


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