Compound Interest Calculator
CD Account from PREMIER with 1.06% APY

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The product CD Account from PREMIER with 1.06% APY 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 $22,224. The interest earned would be $2,224 and the tax amount on the interest earned would be approximately $667.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account

The Results for PREMIER

Savings Boost of
$226 over 10 years

Cash Savings $20,000

Average Interest Earned $1,330

PREMIER Interest Earned $1,557

Compare

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	182	128
2	20,182	184	129
3	20,366	186	130
4	20,552	187	131
5	20,740	189	132
6	20,929	191	134
7	21,120	193	135
8	21,312	194	136
9	21,507	196	137
10	21,703	198	139
	TOTAL:	$1,901	$1,330

PREMIER Scenario

	Rate: 1.06%	Annual Interest	Annual Interest (After Tax)
1	20,000	212	148
2	20,212	214	150
3	20,426	217	152
4	20,643	219	153
5	20,862	221	155
6	21,083	223	156
7	21,306	226	158
8	21,532	228	160
9	21,760	231	161
10	21,991	233	163
	TOTAL:	$2,224	$1,557

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.

Featured CD Rates

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Blue Foundry Bank	6.00%	$5,000	Learn More
6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.
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Last change: ↑0.46% on December 15, 2023. 3 Month CD.
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Last change: ↓0.05% on March 15. 3 Month CD.
My e-Banc, a division of Bradesco BAC Florida Bank	5.49%	$50,000	Learn More
Last change: ↑0.09% on March 12. 6 Month Jumbo CD.

Compound Interest Calculator CD Account from PREMIER with 1.06% APY