Compound Interest Calculator
CD 3-year Account from Hingham Institution for Savings with 1.70% APY and $1,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Hingham Institution for Savings Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 3-year Account from Hingham Institution for Savings with 1.70% APY and $1,000 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 $23,672. The interest earned would be $3,672 and the tax amount on the interest earned would be approximately $1,102.

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 Hingham Institution for Savings

Savings Boost of
$1,478 over 10 years

Cash Savings $20,000

Average Interest Earned $1,092

Hingham Institution for Savings Interest Earned $2,571

Compare

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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	151	106
2	20,151	152	106
3	20,303	153	107
4	20,456	154	108
5	20,610	155	109
6	20,765	157	110
7	20,922	158	110
8	21,080	159	111
9	21,239	160	112
10	21,399	161	113
	TOTAL:	$1,560	$1,092

Hingham Institution for Savings Scenario

	Rate: 1.70%	Annual Interest	Annual Interest (After Tax)
1	20,000	340	238
2	20,340	346	242
3	20,686	352	246
4	21,037	358	250
5	21,395	364	255
6	21,759	370	259
7	22,129	376	263
8	22,505	383	268
9	22,887	389	272
10	23,277	396	277
	TOTAL:	$3,672	$2,571

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
August 20, 2023	1.70%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$5,000	Learn More
Last change: ↑0.15% on March 22.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
Bread Savings, a division of Bread Financial	4.50%	$1,500	Learn More
Last change: ↓0.15% on January 25.
Goldman Sachs Bank	4.50%	$500	Learn More
Last change: ↓0.50% on February 25.

Compound Interest Calculator CD 3-year Account from Hingham Institution for Savings with 1.70% APY and $1,000 minimum deposit