Compound Interest Calculator
Savings Account from Amboy Direct with 3.82% APY and $1 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Amboy Direct Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product Savings Account from Amboy Direct with 3.82% APY and $1 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 $29,096. The interest earned would be $9,096 and the tax amount on the interest earned would be approximately $2,729.

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 Amboy Direct

Savings Boost of
$6,048 over 10 years

Cash Savings $20,000

Average Interest Earned $320

Amboy Direct Interest Earned $6,368

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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,091	45	32
4	20,136	46	32
5	20,181	46	32
6	20,227	46	32
7	20,273	46	32
8	20,319	46	32
9	20,364	46	32
10	20,410	46	32
	TOTAL:	$457	$320

Amboy Direct Scenario

	Rate: 3.82%	Annual Interest	Annual Interest (After Tax)
1	20,000	764	535
2	20,764	793	555
3	21,557	823	576
4	22,381	855	598
5	23,236	888	621
6	24,123	922	645
7	25,045	957	670
8	26,001	993	695
9	26,995	1,031	722
10	28,026	1,071	749
	TOTAL:	$9,096	$6,368

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
June 13, 2024	3.82%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↑0.20% on October 28. Early Withdrawal Penalty is 3 months interest.
Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.

Compound Interest Calculator Savings Account from Amboy Direct with 3.82% APY and $1 minimum deposit