Compound Interest Calculator
CD 5-year Account from POWERCO with 1.31% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from POWERCO with 1.31% 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 $22,780. The interest earned would be $2,780 and the tax amount on the interest earned would be approximately $834.

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
$612 over 10 years
Cash Savings $20,000
Average Interest Earned $1,334

 
POWERCO Interest Earned $1,946

 

 

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:
0.91%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 184 129
3 20,367 186 130
4 20,553 188 132
5 20,741 190 133
6 20,931 191 134
7 21,122 193 135
8 21,315 195 136
9 21,510 197 138
10 21,707 198 139
TOTAL: $1,905 $1,334

POWERCO Scenario

Rate:
1.31%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 262 183
2 20,262 265 186
3 20,527 269 188
4 20,796 272 191
5 21,069 276 193
6 21,345 280 196
7 21,624 283 198
8 21,908 287 201
9 22,195 291 204
10 22,485 295 206
TOTAL: $2,780 $1,946

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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