The product CD 1-year Account from PENTAGON with 3.40% APY and $1,000 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 $27,941. The interest earned would be $7,941 and the tax amount on the interest earned would be approximately $2,382.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 110 | 77 |
| 2 | 20,110 | 111 | 78 |
| 3 | 20,221 | 111 | 78 |
| 4 | 20,332 | 112 | 78 |
| 5 | 20,444 | 113 | 79 |
| 6 | 20,557 | 113 | 79 |
| 7 | 20,670 | 114 | 80 |
| 8 | 20,784 | 115 | 80 |
| 9 | 20,899 | 115 | 81 |
| 10 | 21,014 | 116 | 81 |
| TOTAL: | $1,130 | $791 |
| Rate: 3.40% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 680 | 476 |
| 2 | 20,680 | 703 | 492 |
| 3 | 21,383 | 727 | 509 |
| 4 | 22,110 | 752 | 526 |
| 5 | 22,862 | 777 | 544 |
| 6 | 23,639 | 804 | 563 |
| 7 | 24,443 | 831 | 582 |
| 8 | 25,274 | 859 | 602 |
| 9 | 26,133 | 889 | 622 |
| 10 | 27,022 | 919 | 643 |
| TOTAL: | $7,941 | $5,558 |
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.
| Date | APY |
|---|---|
| March 31, 2025 | 3.40% |
| December 9, 2024 | 3.65% |
| November 17, 2024 | 3.80% |
| September 16, 2024 | 4.00% |
| March 8, 2024 | 4.50% |
| October 23, 2023 | 5.25% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on January 18. |
||||
|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↓0.05% on April 30. |
||||
|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↓0.15% on January 25. |
||||
|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on April 9. |
||||
Customer Reviews for Pentagon (16)
Rob
December 25, 2023
I joined in PENFED in Spring Of 2023 after 15 yrs of belonging to one of the banking giants. I found my accounts dwindling fast unexplained decreases. I decided to close the account but had to return a merchandise for 600.00 same day I closed. Reassured I would get the money from my card refund. I never got that money. The local telkers winkie blinked at each other, asked each other in front of me giggling if that had been taken care of..., then told me they had no such transaction. The merchant showed me a refund after my account closed. Thug Mafia like principles. This is for you if you are like minded. End times.
Is this review helpful? Yes:1 / No: 0
Diane
November 8, 2023 |
My husband and I have hade acoou t-shirts with Penfed for over 20 years. Lately the services are awful. Takes 2-3 days to show a transfer ( within the credit union) New website is not user friendly, why companies feel they they need to “update” , why fix something that’s not broke! Difficult to talk to a real person, chat is worthless. It’s a shame .
Is this review helpful? Yes:2 / No: 0
Dana Gilmour PFCU Incompetence
July 31, 2023
Member since 1967. Screwed up 2 closings! Sale and buy, all PFCU mortages. Delays forced reschedule and living on economy plus mover surcharge to hold furniture. LAST business I'll ever do with these incompetents that can't do simple tasks on time!
Is this review helpful? Yes:1 / No: 0
Michael
November 11, 2022 |
I have been with PenFed for a number of years, and have gotten good products. Employees have been helpful. However, beware of titling for accounts with trusts.
You will not be able to distinguish between names of personal accounts and names of trusts. This becomes a problem in that trustees are listed as joint owners for a trust account. They sent letters to clarify this issue and the letters made my point.
This is a problem waiting to happen.
Is this review helpful? Yes:1 / No: 0
Devildog
November 2, 2022 |
There’s a reason why this financial institution gets low ratings. The Leadership is slow to change. Just look at the archaic website and the reasons why members complain. The Directors are year past their prime in understanding what the new investors want. Believe it or not its not what you are producing and selling.
Is this review helpful? Yes:2 / No: 0
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