Compound Interest Calculator
CD 3-year Account from Cross River Bank with 3.10% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Cross River Bank with 3.10% 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 $27,140. The interest earned would be $7,140 and the tax amount on the interest earned would be approximately $2,142.

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
$3,912 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
Cross River Bank Interest Earned $4,998

 

 

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

Cross River Bank Scenario

Rate:
3.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 620 434
2 20,620 639 447
3 21,259 659 461
4 21,918 679 476
5 22,598 701 490
6 23,298 722 506
7 24,020 745 521
8 24,765 768 537
9 25,533 792 554
10 26,324 816 571
TOTAL: $7,140 $4,998

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 3.10%
December 10, 2023 4.25%
August 20, 2023 2.00%


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: ↓0.05% on September 27.

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



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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