Compound Interest Calculator
CD 1-year Account from Northwest Community Bank with 0.25% APY and $100,000 minimum deposit

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The product CD 1-year Account from Northwest Community Bank with 0.25% 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 $20,506. The interest earned would be $506 and the tax amount on the interest earned would be approximately $152.

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

The Results for Northwest Community Bank

Savings Boost of
$-434 over 10 years

Cash Savings $20,000

Average Interest Earned $788

Northwest Community Bank Interest Earned $354

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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

Northwest Community Bank Scenario

	Rate: 0.25%	Annual Interest	Annual Interest (After Tax)
1	20,000	50	35
2	20,050	50	35
3	20,100	50	35
4	20,150	50	35
5	20,201	51	35
6	20,251	51	35
7	20,302	51	36
8	20,353	51	36
9	20,404	51	36
10	20,455	51	36
	TOTAL:	$506	$354

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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Compound Interest Calculator CD 1-year Account from Northwest Community Bank with 0.25% APY and $100,000 minimum deposit