Compound Interest Calculator
CD 1-year Account from OUR COMMUNITY with 0.59% APY and $100,000 minimum deposit

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The product CD 1-year Account from OUR COMMUNITY with 0.59% 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 $21,212. The interest earned would be $1,212 and the tax amount on the interest earned would be approximately $364.

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

The Results for OUR COMMUNITY

Savings Boost of
$-370 over 10 years

Cash Savings $20,000

Average Interest Earned $1,218

OUR COMMUNITY Interest Earned $848

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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: 0.84%	Annual Interest	Annual Interest (After Tax)
1	20,000	168	117
2	20,168	169	118
3	20,337	170	119
4	20,507	172	120
5	20,679	173	121
6	20,852	175	122
7	21,027	176	123
8	21,203	178	124
9	21,381	179	125
10	21,560	181	126
	TOTAL:	$1,741	$1,218

OUR COMMUNITY Scenario

	Rate: 0.59%	Annual Interest	Annual Interest (After Tax)
1	20,000	118	83
2	20,118	119	83
3	20,237	119	84
4	20,356	120	84
5	20,476	121	85
6	20,597	122	85
7	20,719	122	86
8	20,841	123	86
9	20,964	124	87
10	21,087	124	87
	TOTAL:	$1,212	$848

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 OUR COMMUNITY with 0.59% APY and $100,000 minimum deposit