The product CD 18-month Account from My e-Banc, a division of Bradesco BAC Florida Bank with 4.40% APY and $50,000 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 $30,763. The interest earned would be $10,763 and the tax amount on the interest earned would be approximately $3,229.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 32 |
| 2 | 20,045 | 45 | 32 |
| 3 | 20,090 | 45 | 32 |
| 4 | 20,135 | 45 | 32 |
| 5 | 20,181 | 45 | 32 |
| 6 | 20,226 | 46 | 32 |
| 7 | 20,272 | 46 | 32 |
| 8 | 20,317 | 46 | 32 |
| 9 | 20,363 | 46 | 32 |
| 10 | 20,409 | 46 | 32 |
| TOTAL: | $455 | $318 |
| Rate: 4.40% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 880 | 616 |
| 2 | 20,880 | 919 | 643 |
| 3 | 21,799 | 959 | 671 |
| 4 | 22,758 | 1,001 | 701 |
| 5 | 23,759 | 1,045 | 732 |
| 6 | 24,805 | 1,091 | 764 |
| 7 | 25,896 | 1,139 | 798 |
| 8 | 27,035 | 1,190 | 833 |
| 9 | 28,225 | 1,242 | 869 |
| 10 | 29,467 | 1,297 | 908 |
| TOTAL: | $10,763 | $7,534 |
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.
| Date | APY |
|---|---|
| October 14, 2024 | 4.40% |
| August 7, 2024 | 4.60% |
| July 29, 2024 | 5.10% |
| December 14, 2023 | 5.68% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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|
|
5.00% |
$500 |
Learn More | |
|
Last change: ↑3.00% on August 7. |
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|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
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Customer Reviews for My e-Banc, a division of Bradesco BAC Florida Bank (13)
Matty H
September 22, 2023 |
Terrible bank. Terrible service. Not equipped to service customers outside Florida. Plays games with your taxes by issuing 1090s whenever. Really shouldn't be on this list or your radar. Avoid.
Is this review helpful? Yes:3 / No: 0
Taykadip
January 4, 2020 |
I am surprised at all the negative reviews. I have had several large CDs at this bank for several years, and I've gotten the best customer service I've ever gotten at any bank in the last 45 years.
Is this review helpful? Yes:4 / No: 1
BJ McDonald
December 10, 2019 |
I opened a CD here 13 months ago and expected you would return the money to the account from which funding came at maturity. You did not and I cannot get a straight answer. Please have a manager contact me at my number if your file.
Is this review helpful? Yes:4 / No: 1
JPaul01
May 3, 2019 |
I cannot find the rate or reach anyone at the bank. Found the bank's website. It seems entirely geared to helping clients move money from Latin America to the US. I will pass.
Is this review helpful? Yes:4 / No: 1
Harvey
April 17, 2018 | | Replies 1
I am attracted to the rate, but will hold off based on prior experience. Agree with Fitzsimmons. I had an account there several years ago, and found it to be a phone account. Not an online account and not a branch account.
Is this review helpful? Yes:3 / No: 0
Harvey | Apr 17, 2018
I wanted to update this. These guys cannot even put their correct rates on their website. I would just say that they have operational inefficiencies as far as online is concerned. It is a phone account.
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