Compound Interest Calculator
CD 5-year Account from FLORIDA CENTRAL with 0.46% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from FLORIDA CENTRAL with 0.46% APY and $500 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 $20,939. The interest earned would be $939 and the tax amount on the interest earned would be approximately $282.

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 FLORIDA CENTRAL

Savings Boost of
$-676 over 10 years
Cash Savings $20,000
Average Interest Earned $1,334

 
FLORIDA CENTRAL Interest Earned $657

 

 

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:
0.91%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 184 129
3 20,367 186 130
4 20,553 188 132
5 20,741 190 133
6 20,931 191 134
7 21,122 193 135
8 21,315 195 136
9 21,510 197 138
10 21,707 198 139
TOTAL: $1,905 $1,334

FLORIDA CENTRAL Scenario

Rate:
0.46%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 92 64
2 20,092 92 65
3 20,184 93 65
4 20,277 93 65
5 20,371 94 66
6 20,464 94 66
7 20,558 95 66
8 20,653 95 67
9 20,748 95 67
10 20,843 96 67
TOTAL: $939 $657

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.


Recent Rate Changes



Date APY
October 6, 2023 0.46%


Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

12-Month

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

13-Month

Save for the things you want later. Easy online application.

7-Month

7-Month CD Special - Save for the things you want later. Easy online application.

6-Month

5 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%.