Compound Interest Calculator
CD 4-year Account from Heritage Bank National Association with 1.15% APY and $2,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Heritage Bank National Association with 1.15% 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 $22,423. The interest earned would be $2,423 and the tax amount on the interest earned would be approximately $727.

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
$515 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
Heritage Bank National Association Interest Earned $1,696

 

 

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

Heritage Bank National Association Scenario

Rate:
1.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 230 161
2 20,230 233 163
3 20,463 235 165
4 20,698 238 167
5 20,936 241 169
6 21,177 244 170
7 21,420 246 172
8 21,667 249 174
9 21,916 252 176
10 22,168 255 178
TOTAL: $2,423 $1,696

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 1.15%
November 17, 2023 0.26%
August 20, 2023 0.24%


Featured CD Rates

ONLINE BANKS APY? MIN?

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Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.50% 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.


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