Compound Interest Calculator
CD 3-year Account from HAMPTON ROADS EDUC CREDIT UNION INC with 0.90% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from HAMPTON ROADS EDUC CREDIT UNION INC with 0.90% 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 $21,881. The interest earned would be $1,881 and the tax amount on the interest earned would be approximately $564.

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

The Results for HAMPTON ROADS EDUC CREDIT UNION INC

Savings Boost of
$229 over 10 years
Cash Savings $20,000
Average Interest Earned $1,088

 
HAMPTON ROADS EDUC CREDIT UNION INC Interest Earned $1,317

 

 

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 20,000 150 105
2 20,150 151 106
3 20,302 152 107
4 20,454 154 108
5 20,608 155 108
6 20,762 156 109
7 20,918 157 110
8 21,075 158 111
9 21,234 159 112
10 21,393 161 112
TOTAL: $1,554 $1,088

HAMPTON ROADS EDUC CREDIT UNION INC Scenario

Rate:
0.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 181 126
2 20,181 182 128
3 20,363 184 129
4 20,547 186 130
5 20,732 187 131
6 20,919 189 132
7 21,108 191 133
8 21,299 192 135
9 21,491 194 136
10 21,685 196 137
TOTAL: $1,881 $1,317

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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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