Compound Interest Calculator
CD 3-month Account from NUVISION with 1.85% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-month Account from NUVISION with 1.85% 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 $24,024. The interest earned would be $4,024 and the tax amount on the interest earned would be approximately $1,207.

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 NUVISION

Savings Boost of
$2,504 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
NUVISION Interest Earned $2,817

 

 

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:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,133 44 31
5 20,177 45 31
6 20,222 45 31
7 20,267 45 31
8 20,311 45 31
9 20,356 45 31
10 20,401 45 32
TOTAL: $446 $312

NUVISION Scenario

Rate:
1.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 370 259
2 20,370 377 264
3 20,747 384 269
4 21,131 391 274
5 21,522 398 279
6 21,920 406 284
7 22,325 413 289
8 22,738 421 294
9 23,159 428 300
10 23,587 436 305
TOTAL: $4,024 $2,817

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 20, 2023 1.85%


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