Compound Interest Calculator
CD 5-year Account from ROYAL with 2.60% APY and $0 minimum deposit

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The product CD 5-year Account from ROYAL with 2.60% APY and $0 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 $25,853. The interest earned would be $5,853 and the tax amount on the interest earned would be approximately $1,756.

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 ROYAL

Savings Boost of
$2,750 over 10 years

Cash Savings $20,000

Average Interest Earned $1,347

ROYAL Interest Earned $4,097

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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	185	129
2	20,185	186	130
3	20,371	188	132
4	20,559	190	133
5	20,749	192	134
6	20,940	193	135
7	21,133	195	137
8	21,329	197	138
9	21,525	199	139
10	21,724	201	140
	TOTAL:	$1,925	$1,347

ROYAL Scenario

	Rate: 2.60%	Annual Interest	Annual Interest (After Tax)
1	20,000	520	364
2	20,520	534	373
3	21,054	547	383
4	21,601	562	393
5	22,163	576	403
6	22,739	591	414
7	23,330	607	425
8	23,937	622	436
9	24,559	639	447
10	25,197	655	459
	TOTAL:	$5,853	$4,097

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.

Recent Rate Changes

Date	APY
August 19, 2023	2.60%

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Compound Interest Calculator CD 5-year Account from ROYAL with 2.60% APY and $0 minimum deposit