Compound Interest Calculator
CD 18-month Account from POWERCO with 0.88% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from POWERCO with 0.88% APY and $500 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 $21,831. The interest earned would be $1,831 and the tax amount on the interest earned would be approximately $549.

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

Our records indicate that this institution has been acquired by APCO EMPLOYEES.

The Results for POWERCO

Savings Boost of
$969 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
POWERCO Interest Earned $1,282

 

 

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

POWERCO Scenario

Rate:
0.88%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 176 123
2 20,176 178 124
3 20,354 179 125
4 20,533 181 126
5 20,713 182 128
6 20,896 184 129
7 21,080 185 130
8 21,265 187 131
9 21,452 189 132
10 21,641 190 133
TOTAL: $1,831 $1,282

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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