Compound Interest Calculator
CD 1-year Account from MEMBERS UNITED CREDIT UNION with 0.85% APY and $10,000 minimum deposit

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The product CD 1-year Account from MEMBERS UNITED CREDIT UNION with 0.85% APY and $10,000 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 $21,767. The interest earned would be $1,767 and the tax amount on the interest earned would be approximately $530.

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

The Results for MEMBERS UNITED CREDIT UNION

Savings Boost of
$449 over 10 years

Cash Savings $20,000

Average Interest Earned $788

MEMBERS UNITED CREDIT UNION Interest Earned $1,237

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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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	110	77
2	20,110	110	77
3	20,220	111	78
4	20,331	112	78
5	20,443	112	79
6	20,555	113	79
7	20,668	113	79
8	20,781	114	80
9	20,895	115	80
10	21,010	115	81
	TOTAL:	$1,126	$788

MEMBERS UNITED CREDIT UNION Scenario

	Rate: 0.85%	Annual Interest	Annual Interest (After Tax)
1	20,000	170	119
2	20,170	171	120
3	20,341	173	121
4	20,514	174	122
5	20,689	176	123
6	20,865	177	124
7	21,042	179	125
8	21,221	180	126
9	21,401	182	127
10	21,583	183	128
	TOTAL:	$1,767	$1,237

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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Customer Reviews for Members United Credit Union

CherryRose

August 12, 2021

There has been a change in MUCU in Albany, GA, Westover. It is not the friendly, helpful, hometown feel anymore. And they are taking away the convenience of local banking by closing some of its locations. I have had some interesting experiences for several months.

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Compound Interest Calculator CD 1-year Account from MEMBERS UNITED CREDIT UNION with 0.85% APY and $10,000 minimum deposit