Compound Interest Calculator
CD 2-year Account from People's United Bank, National Association with 0.20% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from People's United Bank, National Association with 0.20% 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 $20,404. The interest earned would be $404 and the tax amount on the interest earned would be approximately $121.

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
$-666 over 10 years
Cash Savings $20,000
Average Interest Earned $949

 
People's United Bank, National Association Interest Earned $283

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 132 92
2 20,132 132 93
3 20,264 133 93
4 20,397 134 94
5 20,532 135 95
6 20,667 136 95
7 20,803 137 96
8 20,940 138 96
9 21,077 139 97
10 21,216 140 98
TOTAL: $1,356 $949

People's United Bank, National Association Scenario

Rate:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

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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