Compound Interest Calculator
CD 1-year Account from WASHINGTON STATE EMPLOYEES with 2.50% APY and $250 minimum deposit

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The product CD 1-year Account from WASHINGTON STATE EMPLOYEES with 2.50% APY and $250 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 $25,602. The interest earned would be $5,602 and the tax amount on the interest earned would be approximately $1,681.

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 WASHINGTON STATE EMPLOYEES

Savings Boost of
$2,703 over 10 years

Cash Savings $20,000

Average Interest Earned $1,218

WASHINGTON STATE EMPLOYEES Interest Earned $3,921

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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: 0.84%	Annual Interest	Annual Interest (After Tax)
1	20,000	168	117
2	20,168	169	118
3	20,337	170	119
4	20,507	172	120
5	20,679	173	121
6	20,852	175	122
7	21,027	176	123
8	21,203	178	124
9	21,381	179	125
10	21,560	181	126
	TOTAL:	$1,741	$1,218

WASHINGTON STATE EMPLOYEES Scenario

	Rate: 2.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	500	350
2	20,500	513	359
3	21,013	525	368
4	21,538	538	377
5	22,076	552	386
6	22,628	566	396
7	23,194	580	406
8	23,774	594	416
9	24,368	609	426
10	24,977	624	437
	TOTAL:	$5,602	$3,921

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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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Compound Interest Calculator CD 1-year Account from WASHINGTON STATE EMPLOYEES with 2.50% APY and $250 minimum deposit