The product CD 4-year Account from Raymond James Bank with 4.05% APY and $5,000 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 $29,748. The interest earned would be $9,748 and the tax amount on the interest earned would be approximately $2,924.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.82% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 163 | 114 |
| 2 | 20,163 | 165 | 115 |
| 3 | 20,328 | 166 | 116 |
| 4 | 20,494 | 167 | 117 |
| 5 | 20,661 | 169 | 118 |
| 6 | 20,829 | 170 | 119 |
| 7 | 20,999 | 171 | 120 |
| 8 | 21,171 | 173 | 121 |
| 9 | 21,344 | 174 | 122 |
| 10 | 21,518 | 176 | 123 |
| TOTAL: | $1,693 | $1,185 |
| Rate: 4.05% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 810 | 567 |
| 2 | 20,810 | 843 | 590 |
| 3 | 21,653 | 877 | 614 |
| 4 | 22,530 | 912 | 639 |
| 5 | 23,442 | 949 | 665 |
| 6 | 24,392 | 988 | 692 |
| 7 | 25,379 | 1,028 | 720 |
| 8 | 26,407 | 1,069 | 749 |
| 9 | 27,477 | 1,113 | 779 |
| 10 | 28,590 | 1,158 | 811 |
| TOTAL: | $9,748 | $6,823 |
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.
| Date | APY |
|---|---|
| April 4, 2025 | 4.05% |
| February 3, 2025 | 4.25% |
| January 27, 2025 | 4.15% |
| January 20, 2025 | 4.10% |
| December 30, 2024 | 4.00% |
| December 23, 2024 | 3.90% |
| December 16, 2024 | 4.00% |
| November 25, 2024 | 4.05% |
| November 11, 2024 | 3.95% |
| November 4, 2024 | 3.90% |
| September 22, 2024 | 3.60% |
| September 13, 2024 | 3.85% |
| September 6, 2024 | 3.65% |
| August 28, 2024 | 3.85% |
| August 2, 2024 | 4.30% |
| April 19, 2024 | 4.55% |
| March 26, 2024 | 4.40% |
| March 14, 2024 | 4.35% |
| March 5, 2024 | 4.40% |
| February 23, 2024 | 4.00% |
| February 20, 2024 | 4.25% |
| February 9, 2024 | 4.20% |
| February 2, 2024 | 4.15% |
| January 26, 2024 | 4.10% |
| January 19, 2024 | 4.05% |
| January 16, 2024 | 4.10% |
| January 9, 2024 | 4.00% |
| January 2, 2024 | 4.05% |
| December 26, 2023 | 4.10% |
| December 12, 2023 | 4.55% |
| December 5, 2023 | 3.60% |
| November 28, 2023 | 3.70% |
| November 21, 2023 | 3.95% |
| October 31, 2023 | 4.05% |
| October 20, 2023 | 4.00% |
| October 6, 2023 | 3.90% |
| September 26, 2023 | 3.85% |
| September 15, 2023 | 3.80% |
| August 30, 2023 | 3.70% |
| August 19, 2023 | 3.65% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$50,000 |
Learn More | |
|
Last change: ↓0.10% on February 9. |
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|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on January 18. |
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|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↓0.15% on January 25. |
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|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on April 9. |
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