Compound Interest Calculator
CD 3-month Account from EverTrust Bank with 2.90% APY and $20,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-month Account from EverTrust Bank with 2.90% APY and $20,000 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 $26,619. The interest earned would be $6,619 and the tax amount on the interest earned would be approximately $1,986.

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 EverTrust Bank

Savings Boost of
$4,315 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
EverTrust Bank Interest Earned $4,633

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

EverTrust Bank Scenario

Rate:
2.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 580 406
2 20,580 597 418
3 21,177 614 430
4 21,791 632 442
5 22,423 650 455
6 23,073 669 468
7 23,742 689 482
8 24,431 708 496
9 25,139 729 510
10 25,868 750 525
TOTAL: $6,619 $4,633

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
December 19, 2023 2.90%
August 20, 2023 2.40%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.15% on March 22.

Last change: ↓0.50% on October 1, 2024.

Last change: ↑0.20% on January 18.

Last change: ↓0.15% on January 25.

Last change: ↓0.50% on February 25.



Customer Reviews for EverTrust Bank


  • August 16, 2022 |

    good customer service and always give me new information about CD rates. They have 2.3% now.

  • August 11, 2021 |

    CDs 12 Month Rates

    It's a wrong information.
    It's only 0.40%

  • January 3, 2017 |

    CDs 12 Month Rates

    100000


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