Compound Interest Calculator
CD 3-year Account from TIAA Bank / Everbank with 3.50% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from TIAA Bank / Everbank with 3.50% APY and $1,000 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 TIAA Bank / Everbank

Savings Boost of
$4,662 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
TIAA Bank / Everbank 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:
0.75%
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

TIAA Bank / Everbank 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
October 28, 2024 3.50%
September 20, 2024 3.45%
August 16, 2024 3.75%
May 27, 2024 4.10%
February 20, 2024 4.20%
February 2, 2024 4.00%
November 24, 2023 4.25%
November 20, 2023 4.50%
August 20, 2023 4.10%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.



Customer Reviews for TIAA Bank / Everbank (42)


  • October 29, 2024 |

    Online Savings Rates

    Same ole Neverbank. They changed the name and then changed it back but nothing has changed in 20 years. First they loop you in to some sort of teaser rate (now it is 5.05%, but it has been lower). Then they tell you that you don't really qualify for the rate so you are earning some lower rate (now it is 4%). I went through this nonsense years ago, but was eager to do business with a Jacksonville, FL bank again (I leave here). I got fooled again. Don't be a red state fool like red state Jeff and stay away. Jeff.

  • July 26, 2024 |

    Online Savings Rates

    Easy to set up a new account with Everbank, unlike other banks posting high interest rates of this site. I currently have a CD and a savings account with them.

  • November 12, 2023 |

    This was terrible as Everbank. Then it was terrible as TIAA. Now it is terrible as Everbank again. Not sure where they are going with the branding, but still terrible. (Bestcashcow's system is forcing me to give it one-half star but it should be zero).

  • January 9, 2023 |

    Online Savings Rates

    TIAA stole money from university professors and staff and mismanaged assets so badly that a generation of people in academia were denied a comfortable retirement.

  • July 15, 2021

    Online Savings Rates

    I finally closed my account. Was great back in the day as everbank but now it is a joke in every way.


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