Compound Interest Calculator
CD 3-year Account from TotalDirect, a division of City National Bank of Florida with 3.56% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from TotalDirect, a division of City National Bank of Florida with 3.56% 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 $28,376. The interest earned would be $8,376 and the tax amount on the interest earned would be approximately $2,513.

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
$4,777 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
TotalDirect, a division of City National Bank of Florida Interest Earned $5,863

 

 

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

TotalDirect, a division of City National Bank of Florida Scenario

Rate:
3.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 712 498
2 20,712 737 516
3 21,449 764 535
4 22,213 791 554
5 23,004 819 573
6 23,823 848 594
7 24,671 878 615
8 25,549 910 637
9 26,459 942 659
10 27,400 975 683
TOTAL: $8,376 $5,863

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 3.56%


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 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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