Compound Interest Calculator
CD 4-year Account from Habib American Bank with 3.00% APY and $1,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Habib American Bank with 3.00% APY and $1,500 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 $26,878. The interest earned would be $6,878 and the tax amount on the interest earned would be approximately $2,063.

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 Habib American Bank

Savings Boost of
$3,634 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
Habib American Bank Interest Earned $4,815

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

Habib American Bank Scenario

Rate:
3.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 600 420
2 20,600 618 433
3 21,218 637 446
4 21,855 656 459
5 22,510 675 473
6 23,185 696 487
7 23,881 716 502
8 24,597 738 517
9 25,335 760 532
10 26,095 783 548
TOTAL: $6,878 $4,815

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
January 19, 2024 3.00%
August 20, 2023 2.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

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Customer Reviews for Habib American Bank


  • February 13, 2018

    Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys and gals should be in jail. I did not enjoy my travels to the Middle East.

  • September 11, 2017

    This bank has horrible customer service. The lady who picks up the phone doesn't hear your full question before transferring you (95% of the time) to the wrong party. When I called them another time I called them at 4:05PM and the same lady called and actually got mad at me for calling them after hours (I didn't know they close at 4PM) when she picked up my call. She shouldn't have picked up the phone then.

    I know other people who have had the same horrible customer service experience. If this bank was ever mystery shopped, it would shut down! I don't know how they manage to stay open.


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