Compound Interest Calculator
CD 4-year Account from The Bank of Princeton with 0.45% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from The Bank of Princeton with 0.45% 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 $20,918. The interest earned would be $918 and the tax amount on the interest earned would be approximately $276.

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

The Results for The Bank of Princeton

Savings Boost of
$-542 over 10 years
Cash Savings $20,000
Average Interest Earned $1,185

 
The Bank of Princeton Interest Earned $643

 

 

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:
0.82%
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

The Bank of Princeton Scenario

Rate:
0.45%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 90 63
2 20,090 90 63
3 20,180 91 64
4 20,271 91 64
5 20,362 92 64
6 20,454 92 64
7 20,546 92 65
8 20,639 93 65
9 20,731 93 65
10 20,825 94 66
TOTAL: $918 $643

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
August 20, 2023 0.45%


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Customer Reviews for The Bank of Princeton


  • November 1, 2022 |

    This local community bank “by far” exceeded my expectations of what a banking institution should be. They take the time to understand their customers needs, educatedly answer questions, and take the time to follow up when needed. With an unsettling employee turnover and many larger branch closings, those tasks can easily fall short of the mark. Consider this...community bank management and board members ARE part of the community, not just sitting in lofty towers somewhere.


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