Compound Interest Calculator
CD Account from GSA with 1.57% APY

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The product CD Account from GSA with 1.57% 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 $23,371. The interest earned would be $3,371 and the tax amount on the interest earned would be approximately $1,011.

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 GSA

Savings Boost of
$1,185 over 10 years

Cash Savings $20,000

Average Interest Earned $1,175

GSA Interest Earned $2,360

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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	113
2	20,162	163	114
3	20,325	164	115
4	20,489	166	116
5	20,655	167	117
6	20,822	168	118
7	20,991	170	119
8	21,160	171	120
9	21,332	173	121
10	21,504	174	122
	TOTAL:	$1,678	$1,175

GSA Scenario

	Rate: 1.57%	Annual Interest	Annual Interest (After Tax)
1	20,000	314	220
2	20,314	319	223
3	20,633	324	227
4	20,957	329	230
5	21,286	334	234
6	21,620	339	238
7	21,960	345	241
8	22,304	350	245
9	22,654	356	249
10	23,010	361	253
	TOTAL:	$3,371	$2,360

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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Compound Interest Calculator CD Account from GSA with 1.57% APY