Compound Interest Calculator
CD 18-month Account from American Heritage Bank with 0.60% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from American Heritage Bank with 0.60% APY and $10,000 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 $21,233. The interest earned would be $1,233 and the tax amount on the interest earned would be approximately $370.

Please note that this product is available in Oklahoma and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for American Heritage Bank

Savings Boost of
$545 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
American Heritage Bank Interest Earned $863

 

 

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 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

American Heritage Bank Scenario

Rate:
0.60%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 120 84
2 20,120 121 85
3 20,241 121 85
4 20,362 122 86
5 20,484 123 86
6 20,607 124 87
7 20,731 124 87
8 20,855 125 88
9 20,980 126 88
10 21,106 127 89
TOTAL: $1,233 $863

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.



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Customer Reviews for American Heritage Bank


  • August 25, 2022

    My family and I have used American Heritage Bank for years, I have had auto loans with them always paid them off, I have one right now, however during this pandemic I got behind a little I got caught up, but it didn't do any good to be caught up when my truck in front of my house was side swiped, the insurance company came took my truck to evaluate it informed me that they were totalling it, sent the check to American heritage bank cause I had a loan with them on it and apparently i didn't have a right to the truck or the settlement check, I called the bank loan officer Cristy Owens who wouldnt even give the insurance company $300 back so I could get my truck back which I was driving when they took it, but she wouldn't even release the truck til I got a hold of someone else at the bank, then the bank president Josh Robinson informed me he was now my loan officer, I asked him if I could renew and get some money back so I could get my truck so I could make it to work and I still have not received a reply, so here I am sitting in the dark with no truck and no way to work cause my truck was side swiped and the bank I have done business with for years want help or answer my emails or calls. So a work of advice use a different bank and don't leave your vehicle in front of your house.


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