Compound Interest Calculator
CD 1-year Account from Heritage Bank National Association with 4.79% APY and $2,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Heritage Bank National Association with 4.79% APY and $2,000 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 $31,932. The interest earned would be $11,932 and the tax amount on the interest earned would be approximately $3,580.

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 Heritage Bank National Association

Savings Boost of
$7,559 over 10 years
Cash Savings $20,000
Average Interest Earned $794

 
Heritage Bank National Association Interest Earned $8,353

 

 

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 20,000 111 77
2 20,111 111 78
3 20,222 112 78
4 20,334 112 79
5 20,446 113 79
6 20,559 114 80
7 20,673 114 80
8 20,787 115 80
9 20,902 116 81
10 21,018 116 81
TOTAL: $1,134 $794

Heritage Bank National Association Scenario

Rate:
4.79%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 958 671
2 20,958 1,004 703
3 21,962 1,052 736
4 23,014 1,102 772
5 24,116 1,155 809
6 25,271 1,210 847
7 26,482 1,268 888
8 27,750 1,329 930
9 29,080 1,393 975
10 30,473 1,460 1,022
TOTAL: $11,932 $8,353

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 30, 2024 4.79%
November 17, 2023 0.24%
August 20, 2023 0.18%


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: ↓0.10% on October 1.



Customer Reviews for Heritage Bank National Association (8)


  • November 2, 2020 |

    Online Savings Rates

    Got the account opened after weeks and finally got it funded and then they dropped the rate the next day and it is no longer competitive.

  • October 18, 2020 | | Replies 1

    Online Savings Rates

    the bank is a Minneapolis one, not national offer may present as national but it isn't also need $230,000 and that is over fdic limit

    Matt | Feb 28, 2021

    The info in this comment is misleading. Bank is located in Willmar MN (not Minneapolis), but account may be opened online regardless of where you live. FDIC insures $250K, and eCentive account pays premium interest rate up to $25K.

  • April 16, 2020

    Rewards Checking Rates

    Heritage eCentive account is now 1.53% APY up to $25,000.00.
    above max. 0.53% APY. 5 star rating with the exception of this new rate change and that is a neg. star. Insert crying emojj.

  • February 9, 2020 |

    Rewards Checking Rates

    money

  • February 5, 2020 |

    CDs 6 Month Rates

    This is listed as a local bank to the St Louis area, but it is not. They also refused to open a new account.


Add Your Review


or use your BestCashCow account

or