Compound Interest Calculator
CD 4-year Account from POWERCO with 1.18% APY and $500 minimum deposit

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The product CD 4-year Account from POWERCO with 1.18% 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 $22,489. The interest earned would be $2,489 and the tax amount on the interest earned would be approximately $747.

Please note that this product is available in Mississippi 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 SOUTHERN ENERGY.

The Results for POWERCO

Savings Boost of
$553 over 10 years

Cash Savings $20,000

Average Interest Earned $1,190

POWERCO Interest Earned $1,743

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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: 0.82%	Annual Interest	Annual Interest (After Tax)
1	20,000	164	115
2	20,164	165	116
3	20,329	166	117
4	20,495	168	118
5	20,663	169	118
6	20,833	171	119
7	21,003	172	120
8	21,175	173	121
9	21,349	175	122
10	21,523	176	123
	TOTAL:	$1,700	$1,190

POWERCO Scenario

	Rate: 1.18%	Annual Interest	Annual Interest (After Tax)
1	20,000	236	165
2	20,236	239	167
3	20,475	242	169
4	20,716	244	171
5	20,961	247	173
6	21,208	250	175
7	21,458	253	177
8	21,712	256	179
9	21,968	259	181
10	22,227	262	184
	TOTAL:	$2,489	$1,743

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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 4-year Account from POWERCO with 1.18% APY and $500 minimum deposit