Compound Interest Calculator
CD Account from FILER with 0.95% APY

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The product CD Account from FILER with 0.95% 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 $21,983. The interest earned would be $1,983 and the tax amount on the interest earned would be approximately $595.

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 FILER

Savings Boost of
$307 over 10 years

Cash Savings $20,000

Average Interest Earned $1,082

FILER Interest Earned $1,388

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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	149	105
2	20,149	151	105
3	20,300	152	106
4	20,452	153	107
5	20,604	154	108
6	20,758	155	109
7	20,913	156	109
8	21,070	157	110
9	21,227	159	111
10	21,385	160	112
	TOTAL:	$1,545	$1,082

FILER Scenario

	Rate: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	190	133
2	20,190	192	134
3	20,382	194	136
4	20,575	195	137
5	20,771	197	138
6	20,968	199	139
7	21,167	201	141
8	21,369	203	142
9	21,572	205	143
10	21,776	207	145
	TOTAL:	$1,983	$1,388

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

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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%.
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Last change: ↑0.46% on December 15, 2023. 3 Month CD.
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Last change: ↓0.05% on March 15. 3 Month CD.
My e-Banc, a division of Bradesco BAC Florida Bank	5.49%	$50,000	Learn More
Last change: ↑0.09% on March 12. 6 Month Jumbo CD.

Compound Interest Calculator CD Account from FILER with 0.95% APY