Compound Interest Calculator
CD 1-year Account from DIRECT with 3.06% APY and $100,000 minimum deposit

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The product CD 1-year Account from DIRECT with 3.06% APY and $100,000 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 $27,035. The interest earned would be $7,035 and the tax amount on the interest earned would be approximately $2,111.

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 DIRECT

Savings Boost of
$4,137 over 10 years

Cash Savings $20,000

Average Interest Earned $788

DIRECT Interest Earned $4,925

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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	110	77
2	20,110	110	77
3	20,220	111	78
4	20,331	112	78
5	20,443	112	79
6	20,555	113	79
7	20,668	113	79
8	20,781	114	80
9	20,895	115	80
10	21,010	115	81
	TOTAL:	$1,126	$788

DIRECT Scenario

	Rate: 3.06%	Annual Interest	Annual Interest (After Tax)
1	20,000	612	428
2	20,612	631	442
3	21,243	650	455
4	21,893	670	469
5	22,563	690	483
6	23,253	712	498
7	23,965	733	513
8	24,698	756	529
9	25,454	779	545
10	26,233	803	562
	TOTAL:	$7,035	$4,925

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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.

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Advertiser Disclosure

ONLINE BANKS	APY^?	MIN^?
North American Savings Bank, F.S.B.	4.35%	$100,000	Learn More on the North American Savings Bank, F.S.B. website
Take your savings to the next level with our 12-month online CD special! 12-Month
BTG Pactual Bank, National Association	4.50%	$500	Learn More
Last change: ↑0.45% on April 27. Early Withdrawal Penalty is 90 days interest.
BTG Pactual Bank, National Association	4.50%	$500	Learn More
Last change: ↑0.43% on April 27. Early Withdrawal Penalty is 90 days interest.
Popular Direct	4.50%	$10,000	Learn More
Last change: ↑0.65% on August 6. Early Withdrawal Penalty is 365 days interest.
Popular Direct	4.50%	$10,000	Learn More
Last change: ↑1.20% on August 6. Early Withdrawal Penalty is 365 days interest.

Compound Interest Calculator CD 1-year Account from DIRECT with 3.06% APY and $100,000 minimum deposit