Compound Interest Calculator
CD 2-year Account from TIAA Bank / Everbank with 3.70% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from TIAA Bank / Everbank with 3.70% 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 $28,762. The interest earned would be $8,762 and the tax amount on the interest earned would be approximately $2,629.

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
$5,186 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
TIAA Bank / Everbank Interest Earned $6,133

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

TIAA Bank / Everbank Scenario

Rate:
3.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 740 518
2 20,740 767 537
3 21,507 796 557
4 22,303 825 578
5 23,128 856 599
6 23,984 887 621
7 24,872 920 644
8 25,792 954 668
9 26,746 990 693
10 27,736 1,026 718
TOTAL: $8,762 $6,133

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
September 25, 2024 3.70%
September 20, 2024 3.50%
August 16, 2024 4.00%
May 27, 2024 4.30%
February 20, 2024 4.50%
February 2, 2024 4.25%
August 20, 2023 4.40%


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 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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