Compound Interest Calculator
CD 2-year Account from HSBC Bank USA, National Association with 3.25% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from HSBC Bank USA, National Association with 3.25% 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 $27,538. The interest earned would be $7,538 and the tax amount on the interest earned would be approximately $2,261.

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 HSBC Bank USA, National Association

Savings Boost of
$4,329 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
HSBC Bank USA, National Association Interest Earned $5,277

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

HSBC Bank USA, National Association Scenario

Rate:
3.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 650 455
2 20,650 671 470
3 21,321 693 485
4 22,014 715 501
5 22,730 739 517
6 23,468 763 534
7 24,231 788 551
8 25,018 813 569
9 25,832 840 588
10 26,671 867 607
TOTAL: $7,538 $5,277

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
September 13, 2024 3.25%
August 7, 2024 3.50%
August 2, 2024 4.10%
December 29, 2023 4.00%
December 15, 2023 4.25%
October 27, 2023 4.50%
September 8, 2023 4.25%
August 20, 2023 3.75%


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: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↑0.25% on November 25.



Customer Reviews for HSBC Bank USA, National Association


  • April 14, 2020

    CDs 12 Month Rates

    I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year

  • June 18, 2015

    What is minimum deposit?

  • May 18, 2015

    Need to have at least $100,000 with bank to get the 1.50%
    $


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