Compound Interest Calculator
CD Account from ELECTRIC COOPERATIVES with 0.20% APY

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

ELECTRIC COOPERATIVES Rate (%):

Compound Interest Period:

Tax Rate:

Email (optional for newsletter registration)

Please leave this field blank

The product CD Account from ELECTRIC COOPERATIVES with 0.20% 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 $20,406. The interest earned would be $406 and the tax amount on the interest earned would be approximately $122.

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 ELECTRIC COOPERATIVES

Savings Boost of
$-514 over 10 years

Cash Savings $20,000

Average Interest Earned $798

ELECTRIC COOPERATIVES Interest Earned $284

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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	111	78
2	20,111	112	78
3	20,223	112	79
4	20,335	113	79
5	20,449	114	80
6	20,562	114	80
7	20,677	115	80
8	20,792	116	81
9	20,907	116	81
10	21,023	117	82
	TOTAL:	$1,140	$798

ELECTRIC COOPERATIVES Scenario

	Rate: 0.20%	Annual Interest	Annual Interest (After Tax)
1	20,000	40	28
2	20,040	40	28
3	20,080	40	28
4	20,121	40	28
5	20,161	41	28
6	20,202	41	28
7	20,242	41	28
8	20,283	41	29
9	20,324	41	29
10	20,365	41	29
	TOTAL:	$406	$284

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Blue Foundry Bank	6.00%	$5,000	Learn More
6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.
TotalDirect, a division of City National Bank of Florida	5.66%	$25,000	Learn More
Last change: ↑0.46% on December 15, 2023. 3 Month CD.
Northern Bank Direct	5.60%	$500	Learn More
Last change: ↑0.60% on April 19. Warning: Early Withdrawal Penalty is 12 Months interest.
Bank5 Connect	5.50%	$500	Learn More
Last change: ↑0.20% on September 8, 2023. 6 Month CD.
Modern Bank, National Association	5.50%	$10,000	Learn More
Last change: ↓0.05% on March 15. 3 Month CD.

Compound Interest Calculator CD Account from ELECTRIC COOPERATIVES with 0.20% APY