Compound Interest Calculator
CD 2-year Account from Cross River Bank with 3.30% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from Cross River Bank with 3.30% 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 $27,672. The interest earned would be $7,672 and the tax amount on the interest earned would be approximately $2,301.

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 Cross River Bank

Savings Boost of
$4,423 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
Cross River Bank Interest Earned $5,370

 

 

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

Cross River Bank Scenario

Rate:
3.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 660 462
2 20,660 682 477
3 21,342 704 493
4 22,046 728 509
5 22,774 752 526
6 23,525 776 543
7 24,301 802 561
8 25,103 828 580
9 25,932 856 599
10 26,788 884 619
TOTAL: $7,672 $5,370

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 9, 2024 3.30%
October 9, 2024 4.50%
December 10, 2023 4.50%
August 20, 2023 2.15%


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 Cross River Bank


  • June 26, 2022 |

    ACH transfers are not allowed. Called and was told that I had to set up wire transfers (and pay fees) or I could come in to the bank and get a bank check.

  • January 15, 2022 |

    Online Savings Rates

    I've done some work with these guys.
    This is a New Jersey-based bitcoin ponzi scheme run by a bunch of 30-something Wall Street throw aways. If you must chase 51 bps, I suggest you do it somewhere else.

  • November 19, 2021 |

    Online Savings Rates

    Just terrible and should not be listed here.

  • September 19, 2021 |

    Online Savings Rates

    No problems at first and then I needed to reach customer service with an easy question about ACH transfers and they could not answer it. I will go back to making a little less at a more established name.

  • July 7, 2021 |

    Online Savings Rates

    This is s a crap organization run by kids that abused PPP, and are now about to boil themselves on crypto. You should not give them your money at 51 basis points!


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