Compound Interest Calculator
CD 1-year Account from Home Loan Investment Bank, F.S.B. with 0.90% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Home Loan Investment Bank, F.S.B. with 0.90% 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 $21,875. The interest earned would be $1,875 and the tax amount on the interest earned would be approximately $562.

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 Home Loan Investment Bank, F.S.B.

Savings Boost of
$520 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
Home Loan Investment Bank, F.S.B. Interest Earned $1,312

 

 

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 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

Home Loan Investment Bank, F.S.B. Scenario

Rate:
0.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 180 126
2 20,180 182 127
3 20,362 183 128
4 20,545 185 129
5 20,730 187 131
6 20,916 188 132
7 21,105 190 133
8 21,295 192 134
9 21,486 193 135
10 21,680 195 137
TOTAL: $1,875 $1,312

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 19, 2023 0.90%


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Customer Reviews for Shoreham Bank


  • December 13, 2019 |

    Online CDs 30 Month Rates

    yes good

  • October 21, 2019

    Online CDs 60 Month Rates

    Don't have an experience but would like to have one.

  • May 30, 2019 |

    https://www.ripoffreport.com/report/home-loan-investment-bank-fsb/warwick-ri-rhode-isls-largest-1479077

  • May 30, 2019 |

    https://www.ripoffreport.com/report/home-loan-investment-bank-fsb/warwick-ri-rhode-isls-largest-1479077


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