Compound Interest Calculator
CD 1-year Account from Newfield National Bank with 0.55% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Newfield National Bank with 0.55% APY and $10,000 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 $21,128. The interest earned would be $1,128 and the tax amount on the interest earned would be approximately $338.

Please note that this product is available in New Jersey and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Newfield National Bank

Savings Boost of
$-3 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
Newfield National Bank Interest Earned $789

 

 

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

Newfield National Bank Scenario

Rate:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 77
3 20,221 111 78
4 20,332 112 78
5 20,444 112 79
6 20,556 113 79
7 20,669 114 80
8 20,783 114 80
9 20,897 115 80
10 21,012 116 81
TOTAL: $1,128 $789

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.



Featured CD Rates

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Early Withdrawal Penalty is 3 months interest.

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Customer Reviews for Newfield National Bank


  • November 6, 2022

    I have been to your bank branch several times I don't want my statement to be mailed please once again I'm requesting for you to not send any oaperr statements to me i expect my privacy and you are still Mailing the statements please I have been to a few of your branches I was told that you took care of this matter soo please protect my privacy I choose your bank because of your privacy policy so please don't mail anything to me tha8yo its very important that you protect my account I would hate to change to another bank but if this doesn't get resolved it gives me know other choice so please don't send no paper statements. Margaret


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