Compound Interest Calculator
CD 1-year Account from The MINT National Bank with 5.10% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from The MINT National Bank with 5.10% 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 $32,889. The interest earned would be $12,889 and the tax amount on the interest earned would be approximately $3,867.

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 MINT National Bank

Savings Boost of
$8,227 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
The MINT National Bank Interest Earned $9,023

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

The MINT National Bank Scenario

Rate:
5.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,020 714
2 21,020 1,072 750
3 22,092 1,127 789
4 23,219 1,184 829
5 24,403 1,245 871
6 25,647 1,308 916
7 26,955 1,375 962
8 28,330 1,445 1,011
9 29,775 1,519 1,063
10 31,294 1,596 1,117
TOTAL: $12,889 $9,023

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 5.10%


Featured CD Rates

ONLINE BANKS APY? MIN?

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Last change: ↑3.00% on August 7.

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Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for The MINT National Bank


  • June 22, 2023

    CDs 12 Month Rates

    I have been with The Mint Ntl Bank for going on the 3rd yr. They have always taken care of my CD investment and changes that come after the maturity (yearly) date. I highly recommend them!


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