Compound Interest Calculator
CD 5-year Account from NVE Bank with 0.51% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from NVE Bank with 0.51% 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 $21,044. The interest earned would be $1,044 and the tax amount on the interest earned would be approximately $313.

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 NVE Bank

Savings Boost of
$-604 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
NVE Bank Interest Earned $731

 

 

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

NVE Bank Scenario

Rate:
0.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 102 71
2 20,102 103 72
3 20,205 103 72
4 20,308 104 72
5 20,411 104 73
6 20,515 105 73
7 20,620 105 74
8 20,725 106 74
9 20,831 106 74
10 20,937 107 75
TOTAL: $1,044 $731

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 NVE Bank


  • May 10, 2021

    NVE Bank can change the amount of my deposit later days.
    Without my permission they can change and do whatever they like.
    On 4/17/2021 I deposit $ 9000.00.
    Two days later he call me asked me a question " how much did you deposit?"
    I told him $ 9000.00
    Now they took $ 2000.00 away from my account.
    Why?
    I had a check $ 3500 and cash $ 5500.
    The bank printed out slip for me on that day $ 9000
    My deposit check only $ 3,500 , but the bank teller put $ 5,500.
    The cash I counted $ 5,500 ,the bank teller counted, and the bank manager
    counted by hands and machines $ 5,500.00
    Now NVE Bank taking my $ 2,000 from my account.
    My lawyer will contact them.


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