Compound Interest Calculator
CD 4-year Account from NexBank with 4.45% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from NexBank with 4.45% 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 $30,911. The interest earned would be $10,911 and the tax amount on the interest earned would be approximately $3,273.

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 NexBank

Savings Boost of
$6,457 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
NexBank Interest Earned $7,638

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

NexBank Scenario

Rate:
4.45%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 890 623
2 20,890 930 651
3 21,820 971 680
4 22,791 1,014 710
5 23,805 1,059 742
6 24,864 1,106 775
7 25,971 1,156 809
8 27,126 1,207 845
9 28,333 1,261 883
10 29,594 1,317 922
TOTAL: $10,911 $7,638

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 4.45%


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: ↓0.50% on October 1.



Customer Reviews for NexBank


  • August 20, 2019 |

    Very corrupt, disorganized company. Associated with Dovenmuehle and or the same company. Extremely poor ratings all over the internet. Should be sued and closed down.
    If I could give it -10 stars, that would be too good.

  • August 17, 2016

    Hello,

    I am the CEO of a small credit union here in Dallas, and we are currently looking for another financial institution to deposit a CD into. We are not receiving much of a benefit from our current institution, and would like to know the criteria to becoming a member and depositing into your fine establishment. If you have a chance, please have a representative to contact me at 214.375.4271 or email me at goodstreetfcu@sbcglobal.net.


    Thank you for your time, and we look forward to speaking with you.


    Jamaal D. Robinson
    Interim CEO
    Good Street FCU


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