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



Use or Change These Amounts and Rates

The product CD 1-year Account from Crescent Bank 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 Crescent Bank

Savings Boost of
$5,634 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
Crescent Bank 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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

Crescent Bank 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
September 18, 2024 3.85%
August 21, 2024 4.20%
August 14, 2024 4.45%
August 5, 2024 4.65%
May 15, 2024 5.00%
March 28, 2024 4.70%
January 30, 2024 4.85%
December 19, 2023 5.15%
December 8, 2023 5.35%
November 17, 2023 5.50%
August 30, 2023 5.35%
August 20, 2023 5.45%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

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

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.50% on October 1.



Customer Reviews for Crescent Bank


  • April 9, 2016

    CDs 36 Month Rates

    The two women, Shawn and Marcie, were very nice to me and accommodated my every transaction.

  • December 30, 2014

    how do I invest in a cd from your bank..I am in mass.

  • December 23, 2014

    Do you accept deposits from Illinois residents?

  • December 16, 2014

    Do you accept deposits from California Residents?


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