Compound Interest Calculator
Money Market Account from CREDIT UNION OF COLORADO, A with 3.00% APY

Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.

Use or Change these Amounts And Rates

The Results for CREDIT UNION OF COLORADO, A

Savings Boost of
$4,581 over 10 years
Cash Savings $20,000
Average Interest Earned $234

 
CREDIT UNION OF COLORADO, A Interest Earned $4,815

 

 

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:
0.17%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 33 23
2 20,033 33 23
3 20,066 33 23
4 20,100 33 23
5 20,133 33 23
6 20,167 33 23
7 20,200 34 23
8 20,234 34 24
9 20,267 34 24
10 20,301 34 24
TOTAL: $334 $234

CREDIT UNION OF COLORADO, A Scenario

Rate:
3.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 600 420
2 20,600 618 433
3 21,218 637 446
4 21,855 656 459
5 22,510 675 473
6 23,185 696 487
7 23,881 716 502
8 24,597 738 517
9 25,335 760 532
10 26,095 783 548
TOTAL: $6,878 $4,815

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.

 

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