Compound Interest Calculator
CD 3-year Account from Beal Bank USA with 3.85% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Beal Bank USA with 3.85% 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 $29,181. The interest earned would be $9,181 and the tax amount on the interest earned would be approximately $2,754.

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
$5,340 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
Beal Bank USA Interest Earned $6,426

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

Beal Bank USA Scenario

Rate:
3.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 770 539
2 20,770 800 560
3 21,570 830 581
4 22,400 862 604
5 23,262 896 627
6 24,158 930 651
7 25,088 966 676
8 26,054 1,003 702
9 27,057 1,042 729
10 28,099 1,082 757
TOTAL: $9,181 $6,426

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 3.85%
August 16, 2024 3.90%
August 20, 2023 4.00%


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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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