Compound Interest Calculator
CD Account from R G with 1.00% APY

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

R G Rate (%):

Compound Interest Period:

Tax Rate:

Email (optional for newsletter registration)

Please leave this field blank

The product CD Account from R G with 1.00% 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 $22,090. The interest earned would be $2,090 and the tax amount on the interest earned would be approximately $627.

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 R G

Savings Boost of
$290 over 10 years

Cash Savings $20,000

Average Interest Earned $1,173

R G Interest Earned $1,463

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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	113
2	20,162	163	114
3	20,325	164	115
4	20,489	166	116
5	20,654	167	117
6	20,821	168	118
7	20,989	170	119
8	21,159	171	120
9	21,330	172	121
10	21,502	174	122
	TOTAL:	$1,676	$1,173

R G Scenario

	Rate: 1.00%	Annual Interest	Annual Interest (After Tax)
1	20,000	200	140
2	20,200	202	141
3	20,402	204	143
4	20,605	206	144
5	20,811	208	146
6	21,019	210	147
7	21,229	212	148
8	21,441	214	150
9	21,655	216	151
10	21,872	218	153
	TOTAL:	$2,090	$1,463

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

ONLINE BANKS	APY^?	MIN^?
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%.
TotalDirect, a division of City National Bank of Florida	5.66%	$25,000	Learn More
Last change: ↑0.46% on December 15, 2023. 3 Month CD.
Northern Bank Direct	5.60%	$500	Learn More
Last change: ↑0.60% on April 19. Warning: Early Withdrawal Penalty is 12 Months interest.
Bank5 Connect	5.50%	$500	Learn More
Last change: ↑0.20% on September 8, 2023. 6 Month CD.
Modern Bank, National Association	5.50%	$10,000	Learn More
Last change: ↓0.05% on March 15. 3 Month CD.

Compound Interest Calculator CD Account from R G with 1.00% APY