Compound Interest Calculator
CD 30-month Account from COMMONWEALTH ONE with 3.20% APY and $50,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

COMMONWEALTH ONE Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 30-month Account from COMMONWEALTH ONE with 3.20% APY and $50,000 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 $27,405. The interest earned would be $7,405 and the tax amount on the interest earned would be approximately $2,221.

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 COMMONWEALTH ONE

Savings Boost of
$4,868 over 10 years

Cash Savings $20,000

Average Interest Earned $315

COMMONWEALTH ONE Interest Earned $5,183

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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	31
2	20,045	45	31
3	20,089	45	31
4	20,134	45	31
5	20,179	45	31
6	20,224	45	32
7	20,269	45	32
8	20,314	45	32
9	20,360	45	32
10	20,405	46	32
	TOTAL:	$451	$315

COMMONWEALTH ONE Scenario

	Rate: 3.20%	Annual Interest	Annual Interest (After Tax)
1	20,000	640	448
2	20,640	660	462
3	21,300	682	477
4	21,982	703	492
5	22,686	726	508
6	23,411	749	524
7	24,161	773	541
8	24,934	798	559
9	25,732	823	576
10	26,555	850	595
	TOTAL:	$7,405	$5,183

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
August 2, 2024	3.20%
January 5, 2024	3.56%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Quontic Bank	5.10%	$500	Learn More
Last change: ↑0.05% on August 24. Warning: Early withdrawal penalty equals six months of interest.
Barclays Bank Delaware	5.10%	$0	Learn More
Last change: ↑0.85% on August 31.
Bank5 Connect	5.05%	$500	Learn More
Last change: ↓0.45% on May 13. 6 Month CD.
Bread Savings, a division of Bread Financial	5.00%	$1,500	Learn More
Northfield Bank	5.00%	$0	Learn More
Last change: ↑4.00% on November 24, 2023.

Compound Interest Calculator CD 30-month Account from COMMONWEALTH ONE with 3.20% APY and $50,000 minimum deposit