Compound Interest Calculator
CD 2-year Account from TotalDirect, a division of City National Bank of Florida with 4.00% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from TotalDirect, a division of City National Bank of Florida with 4.00% APY and $25,000 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 $29,605. The interest earned would be $9,605 and the tax amount on the interest earned would be approximately $2,881.

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 TotalDirect, a division of City National Bank of Florida

Savings Boost of
$5,776 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
TotalDirect, a division of City National Bank of Florida Interest Earned $6,723

 

 

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

TotalDirect, a division of City National Bank of Florida Scenario

Rate:
4.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 800 560
2 20,800 832 582
3 21,632 865 606
4 22,497 900 630
5 23,397 936 655
6 24,333 973 681
7 25,306 1,012 709
8 26,319 1,053 737
9 27,371 1,095 766
10 28,466 1,139 797
TOTAL: $9,605 $6,723

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 2, 2024 4.00%
August 20, 2023 4.34%


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 TotalDirect, a division of City National Bank of Florida


  • March 21, 2023 |

    Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment.

  • August 31, 2022 |

    you can view but you wont get in. application can't go through, they can't help even you called, Bank just make show they exit.

  • August 25, 2020 |

    Online CDs 12 Month Rates

    Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure!

  • December 1, 2019 |

    It says: "Please note: TotalDirectBank can conduct business anywhere in the US with the exception of California, Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, Puerto Rico and US Virgin Islands." Nice of them to say twice that they won't do business with people from PR!

  • November 7, 2019 |

    More than a handful of annoying things but I finally go the account opened. It won't work for you if you live in Florida, California, Hawaii, Guam, etc.


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