Compound Interest Calculator
CD 5-year Account from Northern Interstate Bank, N. A. with 1.25% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Northern Interstate Bank, N. A. with 1.25% 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 $22,645. The interest earned would be $2,645 and the tax amount on the interest earned would be approximately $794.

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
$517 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
Northern Interstate Bank, N. A. Interest Earned $1,852

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

Northern Interstate Bank, N. A. Scenario

Rate:
1.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 250 175
2 20,250 253 177
3 20,503 256 179
4 20,759 259 182
5 21,019 263 184
6 21,282 266 186
7 21,548 269 189
8 21,817 273 191
9 22,090 276 193
10 22,366 280 196
TOTAL: $2,645 $1,852

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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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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