Compound Interest Calculator
CD 3-year Account from Sandy Spring Bank with 3.10% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Sandy Spring Bank with 3.10% 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 $27,140. The interest earned would be $7,140 and the tax amount on the interest earned would be approximately $2,142.

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 Sandy Spring Bank

Savings Boost of
$3,906 over 10 years
Cash Savings $20,000
Average Interest Earned $1,092

 
Sandy Spring Bank Interest Earned $4,998

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 151 106
2 20,151 152 106
3 20,303 153 107
4 20,456 154 108
5 20,610 155 109
6 20,765 157 110
7 20,922 158 110
8 21,080 159 111
9 21,239 160 112
10 21,399 161 113
TOTAL: $1,560 $1,092

Sandy Spring Bank Scenario

Rate:
3.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 620 434
2 20,620 639 447
3 21,259 659 461
4 21,918 679 476
5 22,598 701 490
6 23,298 722 506
7 24,020 745 521
8 24,765 768 537
9 25,533 792 554
10 26,324 816 571
TOTAL: $7,140 $4,998

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
February 25, 2025 3.10%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.15% on March 22.

Last change: ↓0.50% on October 1, 2024.

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Last change: ↓0.15% on January 25.

Last change: ↓0.50% on February 25.



Customer Reviews for Sandy Spring Bank


  • October 11, 2017

    CDs 14 Month Rates

    special; 14 MO CD 1.20%


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