Compound Interest Calculator
CD Account from Wellby with 2.99% APY



Use or Change These Amounts and Rates

The product CD Account from Wellby with 2.99% 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 $26,852. The interest earned would be $6,852 and the tax amount on the interest earned would be approximately $2,056.

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 Wellby

Savings Boost of
$3,713 over 10 years
Cash Savings $20,000
Average Interest Earned $1,083

 
Wellby Interest Earned $4,797

 

 

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 20,300 152 106
4 20,452 153 107
5 20,605 154 108
6 20,759 155 109
7 20,915 156 110
8 21,071 158 110
9 21,229 159 111
10 21,387 160 112
TOTAL: $1,547 $1,083

Wellby Scenario

Rate:
2.99%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 598 419
2 20,598 616 431
3 21,214 634 444
4 21,848 653 457
5 22,501 673 471
6 23,174 693 485
7 23,867 714 500
8 24,581 735 514
9 25,316 757 530
10 26,073 780 546
TOTAL: $6,852 $4,797

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
August 28, 2023 2.99%


Featured CD Rates

ONLINE BANKS APY? MIN?

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%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.

Last change: ↑0.09% on March 12.
6 Month Jumbo CD.



Customer Reviews for Jsc


  • November 24, 2020 |

    Earlier this year just before the pandemic I was involved in a vehicular accident that resulted in me losing my car in total loss. Following the trend of how 2020 has gone, my hours for work were cut do to the growing effects of the pandemic. Naturally like many others at the beginning of the pandemic, I did not know what was in store for the months to come. As a result, I was forced to spend my money wisely as I was unsure if I would even have a job in the coming months. Thankfully, JSC provided use with a furlough to help use through these trying times. Although I am truly thankful for what they were able to do for use I some how left in a bitter distant from how they handled the situation. THEY REPORTED MY MISSED PAYMENT ON MY CREDIT ACCOUNT DURING THE PEAK OF THE PANDEMIC AFTER I CALLED MULTIPLE TIMES TO DISCUSS MY SITUATION. Granted I am a 25 year old student who puts him self through nursing school and is only able to work a few days a week do to the course load. With that being said, you can only imagine what happens too my bank account when your already working short hours and then those hours get cut during a pandemic.!!! As I talked to the representatives it felt as if they were proud to enforce these penalties as they sit at their full time essential jobs that did not experience any kinds of hard ship during this pandemic. Whats crazy is, that they preach that credit unions are supposed to be more understanding then larger corporations but from my experience they are just the same. You will honestly be better off financing through a bigger bank because they are are a lot easier to access through apps, access, and they will probably treat you a little better. Even after my account was payed in full after the total lost they refused to remove the recent late payment that was applied to my account do to the extenuating circumstances.Im so happy that majority of the individuals subjecting others to this financial hardship are so comfortable with how they treat people. Ill be sure to remember this after I graduate and financial situation has improved. Thanks for nothing.


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