Compound Interest Calculator
CD 4-year Account from The Washington Trust Company, of Westerly with 0.75% APY and $100,000 minimum deposit

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The product CD 4-year Account from The Washington Trust Company, of Westerly with 0.75% APY and $100,000 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 $21,552. The interest earned would be $1,552 and the tax amount on the interest earned would be approximately $465.

Please note that this product is available in Rhode Island 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 Washington Trust Company, of Westerly

Savings Boost of
$-95 over 10 years

Cash Savings $20,000

Average Interest Earned $1,181

The Washington Trust Company, of Westerly Interest Earned $1,086

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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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	163	114
2	20,163	164	115
3	20,327	165	116
4	20,492	167	117
5	20,658	168	118
6	20,826	169	119
7	20,996	171	119
8	21,166	172	120
9	21,338	173	121
10	21,512	175	122
	TOTAL:	$1,687	$1,181

The Washington Trust Company, of Westerly Scenario

	Rate: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	150	105
2	20,150	151	106
3	20,301	152	107
4	20,453	153	107
5	20,607	155	108
6	20,761	156	109
7	20,917	157	110
8	21,074	158	111
9	21,232	159	111
10	21,391	160	112
	TOTAL:	$1,552	$1,086

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Customer Reviews for The Washington Trust Company, of Westerly

Mary Allan

September 1, 2015

Do you still have an IRA CD rate of 2%?

Is this review helpful? Yes:2 / No: 0
Carol Mulvaney

June 17, 2015

Do you still have the 2 % cd rate on a five year cd?

Is this review helpful? Yes:1 / No: 0

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Compound Interest Calculator CD 4-year Account from The Washington Trust Company, of Westerly with 0.75% APY and $100,000 minimum deposit