Compound Interest Calculator
CD 6-month Account from Santander Bank, N.A. with 4.50% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from Santander Bank, N.A. with 4.50% APY and $500 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 $31,059. The interest earned would be $11,059 and the tax amount on the interest earned would be approximately $3,318.

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 Santander Bank, N.A.

Savings Boost of
$7,422 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Santander Bank, N.A. Interest Earned $7,742

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

Santander Bank, N.A. Scenario

Rate:
4.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 900 630
2 20,900 941 658
3 21,841 983 688
4 22,823 1,027 719
5 23,850 1,073 751
6 24,924 1,122 785
7 26,045 1,172 820
8 27,217 1,225 857
9 28,442 1,280 896
10 29,722 1,337 936
TOTAL: $11,059 $7,742

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 7, 2024 4.50%
September 22, 2024 4.75%
August 12, 2024 5.00%
July 22, 2024 5.15%
April 4, 2024 4.75%


Featured CD Rates

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Customer Reviews for Santander Bank, N.A.


  • May 11, 2023 |

    They made mistakes twice and would not correct them

  • February 18, 2022

    Your rates are not real. You list Santander as 0.4 when in reality they are 0.1% Ugh!!

  • February 14, 2017 |

    Could not find an active Branch Manager at 3 local branches no call backs very poor customer service

  • April 28, 2016

    CDs 36 Month Rates

    Can you update your rates?
    They are very out of date.

  • April 15, 2016

    CDs 36 Month Rates

    rate changed to 1.25


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