Compound Interest Calculator
CD Account from TRUE SKY with 2.31% APY

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The product CD Account from TRUE SKY with 2.31% 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 $25,131. The interest earned would be $5,131 and the tax amount on the interest earned would be approximately $1,539.

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 TRUE SKY

Savings Boost of
$3,288 over 10 years

Cash Savings $20,000

Average Interest Earned $304

TRUE SKY Interest Earned $3,592

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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	43	30
2	20,043	43	30
3	20,086	43	30
4	20,129	43	30
5	20,173	43	30
6	20,216	43	30
7	20,259	44	30
8	20,303	44	31
9	20,347	44	31
10	20,390	44	31
	TOTAL:	$434	$304

TRUE SKY Scenario

	Rate: 2.31%	Annual Interest	Annual Interest (After Tax)
1	20,000	462	323
2	20,462	473	331
3	20,935	484	339
4	21,418	495	346
5	21,913	506	354
6	22,419	518	363
7	22,937	530	371
8	23,467	542	379
9	24,009	555	388
10	24,564	567	397
	TOTAL:	$5,131	$3,592

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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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 TRUE SKY with 2.31% APY