Compound Interest Calculator
CD 1-year Account from Northern Interstate Bank, N. A. with 0.50% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Northern Interstate Bank, N. A. with 0.50% 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 $21,023. The interest earned would be $1,023 and the tax amount on the interest earned would be approximately $307.

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

The Results for Northern Interstate Bank, N. A.

Savings Boost of
$-78 over 10 years
Cash Savings $20,000
Average Interest Earned $794

 
Northern Interstate Bank, N. A. Interest Earned $716

 

 

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 20,000 111 77
2 20,111 111 78
3 20,222 112 78
4 20,334 112 79
5 20,446 113 79
6 20,559 114 80
7 20,673 114 80
8 20,787 115 80
9 20,902 116 81
10 21,018 116 81
TOTAL: $1,134 $794

Northern Interstate Bank, N. A. Scenario

Rate:
0.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 100 70
2 20,100 101 70
3 20,201 101 71
4 20,302 102 71
5 20,403 102 71
6 20,505 103 72
7 20,608 103 72
8 20,711 104 72
9 20,814 104 73
10 20,918 105 73
TOTAL: $1,023 $716

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.



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Customer Reviews for Northern Interstate Bank, N. A.


  • January 6, 2020 |

    Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they would take out of my savings. They didn't. They charged me a refuse to reverse it. I have no problem paying fees if i made the mistake, if i had no money in it. However, this time i did and they wont budge or do anything remotely helpful. The fact that i was TOLD at signup that this would occur yet now they tell me i wasn't' signed up for it?? And refuse to credit back the fee even though i had plenty money available in their bank. I am beyond livid and apparently the president is not even remotely helpful or cares about customers. Go somewhere else because if you ever have a issue, even 1, they will take 4 days to respond then tell you no, there isn't anything they can do because the president said so and they wont argue with him. Wont even ask him to contact me about this. Guess his customers are not worth the time but they have no problem taking hard earned money from us even when we have funds available. There was one really nice customer service rep there, but she has left and now they have been nothing but rude. Why was i told about this option when i was signed up and told that if something happened, they would take from savings yet when the time comes they didn't do it and now i'm being punished for their oversight?


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