Compound Interest Calculator
CD 1-year Account from Avidia Bank with 3.82% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Avidia Bank with 3.82% 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 $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 Avidia Bank

Savings Boost of
$5,572 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
Avidia Bank Interest Earned $6,368

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

Avidia Bank 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
September 22, 2024 3.82%
August 31, 2024 4.29%
August 16, 2024 4.70%
May 30, 2024 4.76%
February 20, 2024 4.08%
January 22, 2024 4.86%


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Customer Reviews for Avidia Bank


  • August 16, 2019 |

    Deceptive Sales Practices: Huge Penalties

    What an awakening! Without any clear statement, and nothing at all on its website, Avidia charged us 50% of the CD’s FULL TERM interest, including both paid and unpaid interest. We lost roughly 10% of the entire original deposit. Avidia's website doesn’t mention or discuss penalties at all. Looking more carefully at the CD certificate, we now see that carefully chosen trick words were used, without any warning or explanation, to enable this ripoff. The CD was for 5 years at 1.56%, not a good deal to begin with. Once the penalty of all 5 years of interest was applied, the effective rate for that CD, withdrawn 2 years from inception, was roughly negative 5%.

    Our preferred bank (obviously not Avidia) charges 50% of ONE year's interest as a penalty for early withdrawal of a CD. We had naively thought that was the norm, but obviously got snookered. The tricky words, appearing once on the actual certificate: "the term."


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