Compound Interest Calculator
CD 2-year Account from RIVER CITY with 0.65% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from RIVER CITY with 0.65% APY and $10,000 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 $21,339. The interest earned would be $1,339 and the tax amount on the interest earned would be approximately $402.

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

The Results for RIVER CITY

Savings Boost of
$-13 over 10 years
Cash Savings $20,000
Average Interest Earned $950

 
RIVER CITY Interest Earned $937

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 132 92
2 20,132 133 93
3 20,264 134 93
4 20,398 134 94
5 20,532 135 95
6 20,668 136 95
7 20,804 137 96
8 20,941 138 97
9 21,079 139 97
10 21,218 140 98
TOTAL: $1,358 $950

RIVER CITY Scenario

Rate:
0.65%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 130 91
2 20,130 131 92
3 20,261 132 92
4 20,393 133 93
5 20,525 133 93
6 20,659 134 94
7 20,793 135 95
8 20,928 136 95
9 21,064 137 96
10 21,201 138 96
TOTAL: $1,339 $937

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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