Compound Interest Calculator
CD 6-month Account from Axiom Bank, National Association with 5.00% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from Axiom Bank, National Association with 5.00% APY and $500 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 $32,578. The interest earned would be $12,578 and the tax amount on the interest earned would be approximately $3,773.

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 Axiom Bank, National Association

Savings Boost of
$8,486 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Axiom Bank, National Association Interest Earned $8,805

 

 

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

Axiom Bank, National Association Scenario

Rate:
5.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,000 700
2 21,000 1,050 735
3 22,050 1,103 772
4 23,153 1,158 810
5 24,310 1,216 851
6 25,526 1,276 893
7 26,802 1,340 938
8 28,142 1,407 985
9 29,549 1,477 1,034
10 31,027 1,551 1,086
TOTAL: $12,578 $8,805

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
August 20, 2023 5.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Axiom Bank, National Association (5)


  • December 26, 2021 | | Replies 1

    CDs 3 Month Rates

    SJennings

    | Dec 26, 2021

    So happy Axiom finally made executive changes and are back to real banking and great Florida rates and service.

  • December 4, 2021

    CDs 18 Month Rates

    Unlike the past two years, Axiom Bank has all new executives with deep banking experience. They have quickly turned around the retail business with top CD rates and better customer service! Because they are a smaller community bank, BestCashCow will not remote their rates!

  • November 21, 2021 |

    CDs 12 Month Rates

    Axiom Bank is one of the best banks in Florida! Unbelievable rates only require a $500 deposit compared to all our banks. They care about the working-class folks.

  • November 12, 2021

    CDs 60 Month Rates

    Wait they have a .85% rates Cash Cow is wrong?


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