Compound Interest Calculator
CD 1-year Account from CENTRAL CREDIT UNION OF FLORIDA with 3.10% APY and $250 minimum deposit

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The product CD 1-year Account from CENTRAL CREDIT UNION OF FLORIDA with 3.10% APY and $250 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 $27,140. The interest earned would be $7,140 and the tax amount on the interest earned would be approximately $2,142.

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 CENTRAL CREDIT UNION OF FLORIDA

Savings Boost of
$4,213 over 10 years

Cash Savings $20,000

Average Interest Earned $785

CENTRAL CREDIT UNION OF FLORIDA Interest Earned $4,998

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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	109	77
2	20,109	110	77
3	20,219	111	77
4	20,330	111	78
5	20,441	112	78
6	20,553	112	79
7	20,665	113	79
8	20,778	114	80
9	20,892	114	80
10	21,006	115	80
	TOTAL:	$1,121	$785

CENTRAL CREDIT UNION OF FLORIDA Scenario

	Rate: 3.10%	Annual Interest	Annual Interest (After Tax)
1	20,000	620	434
2	20,620	639	447
3	21,259	659	461
4	21,918	679	476
5	22,598	701	490
6	23,298	722	506
7	24,020	745	521
8	24,765	768	537
9	25,533	792	554
10	26,324	816	571
	TOTAL:	$7,140	$4,998

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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 22, 2023	3.10%
August 19, 2023	2.75%
August 18, 2023	2.75%

Featured CD Rates

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Compound Interest Calculator CD 1-year Account from CENTRAL CREDIT UNION OF FLORIDA with 3.10% APY and $250 minimum deposit