Compound Interest Calculator
CD 1-year Account from MYCOM with 0.55% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from MYCOM with 0.55% 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 $21,128. The interest earned would be $1,128 and the tax amount on the interest earned would be approximately $338.

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

The Results for MYCOM

Savings Boost of
$1 over 10 years
Cash Savings $20,000
Average Interest Earned $788

 
MYCOM Interest Earned $789

 

 

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

MYCOM Scenario

Rate:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 77
3 20,221 111 78
4 20,332 112 78
5 20,444 112 79
6 20,556 113 79
7 20,669 114 80
8 20,783 114 80
9 20,897 115 80
10 21,012 116 81
TOTAL: $1,128 $789
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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.



Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

Take your savings to the next level with our 12-month online CD special!

12-Month

Last change: ↑0.45% on April 27.
Early Withdrawal Penalty is 90 days interest.

Last change: ↑0.43% on April 27.
Early Withdrawal Penalty is 90 days interest.

Last change: ↑0.65% on August 6.
Early Withdrawal Penalty is 365 days interest.

Last change: ↑1.20% on August 6.
Early Withdrawal Penalty is 365 days interest.



Customer Reviews for Mycom

3.0 out of 5 based on 2 ratings


  • March 10, 2025 |

    In the past 9 months dealing with Mycom Credit Union, I have had the pleasure of working with Rosemary several times and I could not be happier. Rosemary has helped me outside of business hours on more than one occasion and is super nice. I have found her easy to talk to, informative, and responsive. Also, others here have exhibited this helpful professionalism. No bank is perfect; however, I after reflection I can say that 99% of my interactions here have made me leave smiling - if that his not 5 stars, I do not know what is.

  • June 7, 2024 |

    Chasity/Chastity/Whatever her name is = Rude, nasty, poor communication, would not allow me to speak with someone else who is respectful saying no one else was there - I called back in 5 minutes and there was certainly others there. Interrupted me over and over and treated me as though I was stupid saying blaming me for not understand HER communication as though she was not responsible for huffing and puffing, letting out long sighs, laughing, and not allowing me to ask the correct questions to understand her reason for calling since she would not let me talk. Reminding her that I am the customer and HER JOB is to be respectful didn't have any impact. She feels superior, all-knowing, powerful, with no fear of corrective action from management, not someone I trust, if she is receiving my payments, how do I know they will be submitted. I dont trust her so I no longer trust this bank.


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