Compound Interest Calculator
CD Account from MEMBERS 1ST with 1.55% APY

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

MEMBERS 1ST Rate (%):

Compound Interest Period:

Tax Rate:

Email (optional for newsletter registration)

Please leave this field blank

The product CD Account from MEMBERS 1ST with 1.55% 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 $23,325. The interest earned would be $3,325 and the tax amount on the interest earned would be approximately $998.

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 MEMBERS 1ST

Savings Boost of
$997 over 10 years

Cash Savings $20,000

Average Interest Earned $1,330

MEMBERS 1ST Interest Earned $2,328

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: 0.91%	Annual Interest	Annual Interest (After Tax)
1	20,000	182	128
2	20,182	184	129
3	20,366	186	130
4	20,552	187	131
5	20,740	189	132
6	20,929	191	134
7	21,120	193	135
8	21,312	194	136
9	21,507	196	137
10	21,703	198	139
	TOTAL:	$1,901	$1,330

MEMBERS 1ST Scenario

	Rate: 1.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	310	217
2	20,310	315	220
3	20,625	320	224
4	20,944	325	227
5	21,269	330	231
6	21,599	335	234
7	21,934	340	238
8	22,274	345	242
9	22,619	351	245
10	22,969	356	249
	TOTAL:	$3,325	$2,328

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
November 3, 2023	1.55%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
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%.
TotalDirect, a division of City National Bank of Florida	5.66%	$25,000	Learn More
Last change: ↑0.46% on December 15, 2023. 3 Month CD.
Bank5 Connect	5.50%	$500	Learn More
Last change: ↑0.20% on September 8, 2023. 6 Month CD.
Modern Bank, National Association	5.50%	$10,000	Learn More
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 MEMBERS 1ST with 1.55% APY