Compound Interest Calculator
CD 3-month Account from Bask Bank, a division of Texas Capital Bank with 4.90% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-month Account from Bask Bank, a division of Texas Capital Bank with 4.90% 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 $32,269. The interest earned would be $12,269 and the tax amount on the interest earned would be approximately $3,681.

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 Bask Bank, a division of Texas Capital Bank

Savings Boost of
$8,270 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Bask Bank, a division of Texas Capital Bank Interest Earned $8,588

 

 

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

Bask Bank, a division of Texas Capital Bank Scenario

Rate:
4.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 980 686
2 20,980 1,028 720
3 22,008 1,078 755
4 23,086 1,131 792
5 24,218 1,187 831
6 25,404 1,245 871
7 26,649 1,306 914
8 27,955 1,370 959
9 29,325 1,437 1,006
10 30,762 1,507 1,055
TOTAL: $12,269 $8,588

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
October 1, 2024 4.90%
September 18, 2024 5.00%
August 12, 2024 5.10%
August 7, 2024 5.25%


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Customer Reviews for Bask Bank, a division of Texas Capital Bank


  • April 20, 2024 |

    Savings Rates

    Save your tears for another day. Very frustrating. 1-star.

  • August 25, 2023 |

    Savings Rates

    I always appreciated Bask Bank for the instant transfers out and the immediate credit when transferring in. Recently, transfers in on a Thursday aren't credited until the following Monday, even though the money is drawn. I may go somewhere else.

  • April 27, 2023 |

    Savings Rates

    I finally transitioned from the American miles earning account to the interest savings product. The savings rate became so high that it made sense, even vs 2 miles per $. I had been very happy with Bask already as a mileage account and am happy as an interest account. The transition was not seemless (needed to call). That is my only complaint and since it doesn't affect most I give it 5.

  • April 3, 2023 |

    Savings Rates

    I've been with Bask for a long time now. I first opened with them before the pandemic to earn American miles instead of a low rate. I continued through the pandemic and racked up enough American miles to meet all of me and my wife's travel needs for the next decade. Moved over to the savings account a couple months ago as rates began climbing. Never a problem or even a concern. Now planning to take out a CD with them. I'd recommend it to anyone.

  • March 2, 2023 |

    Savings Rates

    Best bank on the list. By a country mile.


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