Compound Interest Calculator
CD 5-year Account from People's United Bank, National Association with 0.30% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from People's United Bank, National Association with 0.30% 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 $20,608. The interest earned would be $608 and the tax amount on the interest earned would be approximately $182.

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

Our records indicate that this institution has been acquired by Manufacturers and Traders Trust Company.

The Results for People's United Bank, National Association

Savings Boost of
$-909 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
People's United Bank, National Association Interest Earned $426

 

 

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

People's United Bank, National Association Scenario

Rate:
0.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 60 42
2 20,060 60 42
3 20,120 60 42
4 20,181 61 42
5 20,241 61 43
6 20,302 61 43
7 20,363 61 43
8 20,424 61 43
9 20,485 61 43
10 20,547 62 43
TOTAL: $608 $426

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 People's United Bank, National Association


  • March 14, 2022

    My account has several FDIC regulation violations happening and the bank manager only suggested the closure of my account in Stamford, CT. Any suggestions on how to get a bank branch to follow the federal guidelines to access to your account and proper written statements of its activity? email Riansarahszych1975@gmail.com with any suggestions I am a SSDI recipient who complained of violations and am locked out of my account homeless in another state with no Peoples united bank branch.

  • September 3, 2019

    CDs 12 Month Rates

    When I called our local Peoples United branch, they told us their rates were about half of what this website says they should be (2.30%) in our location for a 12-month CD and for a Fixed Rate IRA. Lesson: Do not believe the website and always call the bank to find out the real facts.


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