Compound Interest Calculator
CD 1-year Account from One American Bank with 1.96% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from One American Bank with 1.96% APY and $500 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 $24,284. The interest earned would be $4,284 and the tax amount on the interest earned would be approximately $1,285.

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 One American Bank

Savings Boost of
$2,205 over 10 years
Cash Savings $20,000
Average Interest Earned $794

 
One American Bank Interest Earned $2,999

 

 

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

One American Bank Scenario

Rate:
1.96%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 392 274
2 20,392 400 280
3 20,792 408 285
4 21,199 416 291
5 21,615 424 297
6 22,038 432 302
7 22,470 440 308
8 22,911 449 314
9 23,360 458 320
10 23,818 467 327
TOTAL: $4,284 $2,999

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 1.96%


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Customer Reviews for One American Bank


  • February 6, 2021 |

    After purchasing more than 6 homes and going through more than a dozen refinancing processes, I must say that this is the worst company I have ever had the misfortune of dealing with. It took these clowns four months to close my loan. This organization can not figure out from one day to the next what paperwork they will need for a standard business transaction. These clowns are so inept and incompetent that they said I had a short sale of one of my properties. I had to write them a Letter Of Explanation telling them why they were wrong. We had purchased the short sale. When we sold it, it was not a short sale. Complete and utter incompetence at every turn.

    If you value your time and your money, my recommendation would be that you stay away from doing business with One American.

  • December 19, 2019 |

    CDs 12 Month Rates

    very efficient, convenient


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