Compound Interest Calculator
CD 6-month Account from Adirondack Bank with 3.14% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from Adirondack Bank with 3.14% APY and $1,000 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 $27,246. The interest earned would be $7,246 and the tax amount on the interest earned would be approximately $2,174.

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 Adirondack Bank

Savings Boost of
$4,755 over 10 years
Cash Savings $20,000
Average Interest Earned $317

 
Adirondack Bank Interest Earned $5,072

 

 

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 45 31
2 20,045 45 31
3 20,090 45 32
4 20,135 45 32
5 20,180 45 32
6 20,225 45 32
7 20,270 45 32
8 20,316 46 32
9 20,361 46 32
10 20,407 46 32
TOTAL: $453 $317

Adirondack Bank Scenario

Rate:
3.14%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 628 440
2 20,628 648 453
3 21,276 668 468
4 21,944 689 482
5 22,633 711 497
6 23,343 733 513
7 24,076 756 529
8 24,832 780 546
9 25,612 804 563
10 26,416 829 581
TOTAL: $7,246 $5,072

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
April 14, 2025 3.14%
March 17, 2025 3.25%
February 17, 2025 3.30%
February 3, 2025 3.25%
January 20, 2025 3.30%
January 13, 2025 3.25%
December 23, 2024 3.30%
November 11, 2024 3.40%
November 4, 2024 3.45%
October 14, 2024 3.40%
October 7, 2024 3.35%
September 30, 2024 3.45%
September 22, 2024 3.56%
September 13, 2024 3.61%
August 31, 2024 3.71%
August 26, 2024 3.82%
January 11, 2024 4.02%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↓0.10% on February 9.
6 Month Jumbo CD.

Last change: ↓0.50% on October 1, 2024.

Last change: ↑0.20% on January 18.

Last change: ↓0.15% on January 25.

Last change: ↑0.20% on April 9.



Customer Reviews for Adirondack Bank


  • January 5, 2018

    BEWARE of their Home Equity Loan practices. Towards the end of the process, after you've complied with all their requests and are on the hook for lots of fees if you cancel, they demand that all of your credit card accounts be closed. AND even the ones their funds are not going to will be closed! A Home Equity Loan from Adirondack Bank will leave you without a single credit card! Try operating a business or a life without a credit card!


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