Compound Interest Calculator
CD 4-year Account from Raymond James Bank with 3.90% APY and $5,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Raymond James Bank with 3.90% 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 $29,321. The interest earned would be $9,321 and the tax amount on the interest earned would be approximately $2,796.

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 Raymond James Bank

Savings Boost of
$5,344 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
Raymond James Bank Interest Earned $6,525

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

Raymond James Bank Scenario

Rate:
3.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 780 546
2 20,780 810 567
3 21,590 842 589
4 22,432 875 612
5 23,307 909 636
6 24,216 944 661
7 25,161 981 687
8 26,142 1,020 714
9 27,162 1,059 742
10 28,221 1,101 770
TOTAL: $9,321 $6,525

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
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%


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