Compound Interest Calculator
CD 5-year Account from ENCOMPASS with 1.51% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from ENCOMPASS with 1.51% 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 $23,234. The interest earned would be $3,234 and the tax amount on the interest earned would be approximately $970.

Please note that this product is available in Indiana and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for ENCOMPASS

Savings Boost of
$929 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
ENCOMPASS Interest Earned $2,264

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

ENCOMPASS Scenario

Rate:
1.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 302 211
2 20,302 307 215
3 20,609 311 218
4 20,920 316 221
5 21,236 321 224
6 21,556 326 228
7 21,882 330 231
8 22,212 335 235
9 22,548 340 238
10 22,888 346 242
TOTAL: $3,234 $2,264

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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