Compound Interest Calculator
Savings Account from The Cape Cod Five Cents Savings Bank with 3.50% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from The Cape Cod Five Cents Savings Bank with 3.50% APY and $10,000 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 $28,212. The interest earned would be $8,212 and the tax amount on the interest earned would be approximately $2,464.

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 The Cape Cod Five Cents Savings Bank

Savings Boost of
$5,430 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
The Cape Cod Five Cents Savings Bank Interest Earned $5,748

 

 

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 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

The Cape Cod Five Cents Savings Bank Scenario

Rate:
3.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 700 490
2 20,700 725 507
3 21,425 750 525
4 22,174 776 543
5 22,950 803 562
6 23,754 831 582
7 24,585 860 602
8 25,446 891 623
9 26,336 922 645
10 27,258 954 668
TOTAL: $8,212 $5,748

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
January 22, 2024 3.50%
January 22, 2024 1.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for The Cape Cod Five Cents Savings Bank


  • November 13, 2019 |

    My favorite bank in South Dennis MA. There are always sufficient enough staff so that there is never a long waiting line. And the staff is always pleasant and efficient.

  • July 15, 2018 |

    the 3 year raise your rate CD has not raised it rates since I opened it December 2016. Rates have risen in most banks over this time frame. I am very disappointed and will never bank with Cape Cod five ever again.


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