Compound Interest Calculator
CD Account from COMMUNITY FIRST CREDIT UNION OF FLO with 3.61% APY

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The product CD Account from COMMUNITY FIRST CREDIT UNION OF FLO with 3.61% APY 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 $28,513. The interest earned would be $8,513 and the tax amount on the interest earned would be approximately $2,554.

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 COMMUNITY FIRST CREDIT UNION OF FLO

Savings Boost of
$4,786 over 10 years

Cash Savings $20,000

Average Interest Earned $1,173

COMMUNITY FIRST CREDIT UNION OF FLO Interest Earned $5,959

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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	113
2	20,162	163	114
3	20,325	164	115
4	20,489	166	116
5	20,654	167	117
6	20,821	168	118
7	20,989	170	119
8	21,159	171	120
9	21,330	172	121
10	21,502	174	122
	TOTAL:	$1,676	$1,173

COMMUNITY FIRST CREDIT UNION OF FLO Scenario

	Rate: 3.61%	Annual Interest	Annual Interest (After Tax)
1	20,000	722	505
2	20,722	748	524
3	21,470	775	543
4	22,245	803	562
5	23,048	832	582
6	23,880	862	603
7	24,742	893	625
8	25,635	925	648
9	26,561	959	671
10	27,520	993	695
	TOTAL:	$8,513	$5,959

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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
August 19, 2023	3.61%

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Compound Interest Calculator CD Account from COMMUNITY FIRST CREDIT UNION OF FLO with 3.61% APY