Compound Interest Calculator
CD 5-year Account from Popular Direct with 3.45% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Popular Direct with 3.45% 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 $28,076. The interest earned would be $8,076 and the tax amount on the interest earned would be approximately $2,423.

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 Popular Direct

Savings Boost of
$4,318 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
Popular Direct Interest Earned $5,653

 

 

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

Popular Direct Scenario

Rate:
3.45%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 690 483
2 20,690 714 500
3 21,404 738 517
4 22,142 764 535
5 22,906 790 553
6 23,696 818 572
7 24,514 846 592
8 25,360 875 612
9 26,235 905 634
10 27,140 936 655
TOTAL: $8,076 $5,653

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
October 29, 2024 3.45%
October 1, 2024 3.55%
September 18, 2024 3.85%
August 16, 2024 4.00%
March 26, 2024 4.30%
March 14, 2024 4.35%
January 30, 2024 4.45%
January 19, 2024 4.35%
January 9, 2024 4.40%
December 27, 2023 4.50%
December 19, 2023 4.60%
December 15, 2023 4.65%
November 14, 2023 4.70%
September 12, 2023 4.65%
August 20, 2023 4.60%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Popular Direct (38)


  • December 18, 2023 |

    I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason is because the interest is coming down and they are not willing to offer those rates. At the time of application, the rates were still being offer but it took Popular Direct over a week to review, remember I'm not borrowing money, I'm depositing money, what a joke

  • November 17, 2023 |

    Online Savings Rates

    terrible bank - save yourself the aggrevation and even take a few pennies less if necessary

  • July 3, 2023 |

    Online CDs 12 Month Rates

    1-year rate of 5.35% is good, but the early withdrawal penalties are absurd. Unless you know you won't need the money in less than 1-year (no loss of job, divorce, cancer, etc.), buying a 1-year CD with a 270 day early withdrawal penalty is a bad idea. I will gladly take a little less for a lower fee. Forbright at 5.30% is a much better idea here.

  • June 25, 2023 |

    Online Savings Rates

    A complete waste of time

  • June 18, 2023 |

    Online Savings Rates

    impossible to get money back after cd maturity. couldn't even transfer it to their savings acct.


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