Compound Interest Calculator
CD 11-month Account from Peak Bank, a division of Idaho First Bank with 4.16% APY and $1,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Peak Bank, a division of Idaho First Bank Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 11-month Account from Peak Bank, a division of Idaho First Bank with 4.16% 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 $30,064. The interest earned would be $10,064 and the tax amount on the interest earned would be approximately $3,019.

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 Peak Bank, a division of Idaho First Bank

Savings Boost of
$6,728 over 10 years

Cash Savings $20,000

Average Interest Earned $317

Peak Bank, a division of Idaho First Bank Interest Earned $7,044

Compare

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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	31
2	20,045	45	31
3	20,090	45	32
4	20,135	45	32
5	20,180	45	32
6	20,225	45	32
7	20,270	45	32
8	20,316	46	32
9	20,361	46	32
10	20,407	46	32
	TOTAL:	$453	$317

Peak Bank, a division of Idaho First Bank Scenario

	Rate: 4.16%	Annual Interest	Annual Interest (After Tax)
1	20,000	832	582
2	20,832	867	607
3	21,699	903	632
4	22,601	940	658
5	23,541	979	686
6	24,521	1,020	714
7	25,541	1,063	744
8	26,603	1,107	775
9	27,710	1,153	807
10	28,863	1,201	840
	TOTAL:	$10,064	$7,044

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

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$50,000	Learn More
Last change: ↓0.10% on February 9. 6 Month Jumbo CD.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
Bread Savings, a division of Bread Financial	4.50%	$1,500	Learn More
Last change: ↓0.15% on January 25.
Finworth, a division of InsBank	4.50%	$50,000	Learn More
Last change: ↑0.20% on April 9.

Customer Reviews for Peak Bank, a division of Idaho First Bank

Gary Smith

January 28, 2025 |

Online Savings Rates

4.75% is an introductory rate and they are not openly clear about that. Don't expect 4.75% to continue. They are otherwise competitive.

Is this review helpful? Yes:0 / No: 0

Add Your Review

or use your BestCashCow account

Compound Interest Calculator CD 11-month Account from Peak Bank, a division of Idaho First Bank with 4.16% APY and $1,000 minimum deposit