Compound Interest Calculator
CD 2-year Account from Beal Bank USA with 4.15% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from Beal Bank USA with 4.15% 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 $30,035. The interest earned would be $10,035 and the tax amount on the interest earned would be approximately $3,010.

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 Beal Bank USA

Savings Boost of
$6,077 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
Beal Bank USA Interest Earned $7,024

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

Beal Bank USA Scenario

Rate:
4.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 830 581
2 20,830 864 605
3 21,694 900 630
4 22,595 938 656
5 23,532 977 684
6 24,509 1,017 712
7 25,526 1,059 742
8 26,586 1,103 772
9 27,689 1,149 804
10 28,838 1,197 838
TOTAL: $10,035 $7,024

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 31, 2024 4.15%
August 16, 2024 4.20%
August 20, 2023 4.30%


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Customer Reviews for Beal Bank USA


  • February 9, 2021 |

    The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed.

  • July 2, 2019 |

    I recently bought a Beal Bank cd through my stock broker. It matured about a week ago. I never received any interest on it.

  • December 11, 2018 |

    Good service.


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