Compound Interest Calculator
CD 5-year Account from Primary Bank with 2.50% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Primary Bank with 2.50% 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 $25,602. The interest earned would be $5,602 and the tax amount on the interest earned would be approximately $1,681.

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

The Results for Primary Bank

Savings Boost of
$2,580 over 10 years
Cash Savings $20,000
Average Interest Earned $1,341

 
Primary Bank Interest Earned $3,921

 

 

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 20,000 184 129
2 20,184 185 130
3 20,369 187 131
4 20,556 189 132
5 20,745 191 133
6 20,936 192 135
7 21,128 194 136
8 21,323 196 137
9 21,519 198 138
10 21,716 200 140
TOTAL: $1,916 $1,341

Primary Bank Scenario

Rate:
2.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 500 350
2 20,500 513 359
3 21,013 525 368
4 21,538 538 377
5 22,076 552 386
6 22,628 566 396
7 23,194 580 406
8 23,774 594 416
9 24,368 609 426
10 24,977 624 437
TOTAL: $5,602 $3,921

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
April 4, 2025 2.50%
August 20, 2023 2.27%


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Customer Reviews for Primary Bank


  • March 30, 2021 |

    CDs 12 Month Rates

    These guys are the best local bank. Very responsive.

  • February 8, 2021 |

    Rejected, and I live in MA and have perfect credit. No time for small irrelevant New Hampshire banks.

  • January 20, 2021 |

    Was rejected for acct from NYC.

  • December 5, 2020 |

    Very happy with Primary Bank and Derry Branch Staff all customer relations make you feel that your business is important to the bank Lauren Branch Manager and Elizabeth have been there to assist us and making our banking experience with Primary a great Local banking relationship .

  • December 4, 2020 |

    Online CDs 12 Month Rates

    Unless you live in New England, it's a "no-go" and they don't show that on their website. They should not be on a list of national banks.


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