Compound Interest Calculator
CD 1-year Account from Finworth, a division of InsBank with 4.46% APY and $50,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Finworth, a division of InsBank with 4.46% APY and $50,000 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 $30,941. The interest earned would be $10,941 and the tax amount on the interest earned would be approximately $3,282.

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 Finworth, a division of InsBank

Savings Boost of
$6,868 over 10 years
Cash Savings $20,000
Average Interest Earned $791

 
Finworth, a division of InsBank Interest Earned $7,658

 

 

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 20,221 111 78
4 20,332 112 78
5 20,444 113 79
6 20,557 113 79
7 20,670 114 80
8 20,784 115 80
9 20,899 115 81
10 21,014 116 81
TOTAL: $1,130 $791

Finworth, a division of InsBank Scenario

Rate:
4.46%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 892 624
2 20,892 932 652
3 21,824 973 681
4 22,797 1,017 712
5 23,814 1,062 743
6 24,876 1,109 777
7 25,985 1,159 811
8 27,144 1,211 847
9 28,355 1,265 885
10 29,620 1,321 925
TOTAL: $10,941 $7,658

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
April 9, 2025 4.46%
March 5, 2025 4.20%
January 25, 2025 4.35%
November 25, 2024 4.55%
November 18, 2024 4.35%
October 29, 2024 4.15%
October 29, 2024 4.30%
October 29, 2024 4.70%
October 17, 2024 4.70%
October 16, 2024 4.90%
October 2, 2024 4.70%
September 27, 2024 4.90%
September 22, 2024 5.00%
September 20, 2024 4.90%
September 6, 2024 5.00%
August 7, 2024 5.10%
July 22, 2024 5.35%
April 15, 2024 5.38%
January 30, 2024 5.00%
January 5, 2024 5.45%
November 12, 2023 5.25%
November 10, 2023 5.70%
September 29, 2023 5.25%
September 29, 2023 5.67%


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Customer Reviews for Finworth, a division of InsBank


  • November 12, 2023 |

    Online CDs 18 Month Rates

    Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too.


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