Compound Interest Calculator
CD 5-year Account from CREDIT UNION OF COLORADO, A with 3.70% APY and $500 minimum deposit

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The product CD 5-year Account from CREDIT UNION OF COLORADO, A with 3.70% 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 $28,762. The interest earned would be $8,762 and the tax amount on the interest earned would be approximately $2,629.

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 CREDIT UNION OF COLORADO, A

Savings Boost of
$4,788 over 10 years

Cash Savings $20,000

Average Interest Earned $1,346

CREDIT UNION OF COLORADO, A Interest Earned $6,133

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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.

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Average Rate Scenario

	Rate: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	184	129
2	20,184	186	130
3	20,371	188	131
4	20,558	190	133
5	20,748	191	134
6	20,939	193	135
7	21,132	195	136
8	21,327	197	138
9	21,524	198	139
10	21,722	200	140
	TOTAL:	$1,922	$1,346

CREDIT UNION OF COLORADO, A Scenario

	Rate: 3.70%	Annual Interest	Annual Interest (After Tax)
1	20,000	740	518
2	20,740	767	537
3	21,507	796	557
4	22,303	825	578
5	23,128	856	599
6	23,984	887	621
7	24,872	920	644
8	25,792	954	668
9	26,746	990	693
10	27,736	1,026	718
	TOTAL:	$8,762	$6,133

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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
March 5, 2024	3.70%
March 1, 2024	3.94%
October 3, 2023	4.00%
August 19, 2023	3.70%

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Compound Interest Calculator CD 5-year Account from CREDIT UNION OF COLORADO, A with 3.70% APY and $500 minimum deposit