The product CD 3-month Account from TotalDirect, a division of City National Bank of Florida with 4.51% 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 $31,089. The interest earned would be $11,089 and the tax amount on the interest earned would be approximately $3,327.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 32 |
| 2 | 20,045 | 45 | 32 |
| 3 | 20,091 | 45 | 32 |
| 4 | 20,136 | 46 | 32 |
| 5 | 20,181 | 46 | 32 |
| 6 | 20,227 | 46 | 32 |
| 7 | 20,273 | 46 | 32 |
| 8 | 20,319 | 46 | 32 |
| 9 | 20,364 | 46 | 32 |
| 10 | 20,410 | 46 | 32 |
| TOTAL: | $457 | $320 |
| Rate: 4.51% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 902 | 631 |
| 2 | 20,902 | 943 | 660 |
| 3 | 21,845 | 985 | 690 |
| 4 | 22,830 | 1,030 | 721 |
| 5 | 23,860 | 1,076 | 753 |
| 6 | 24,936 | 1,125 | 787 |
| 7 | 26,060 | 1,175 | 823 |
| 8 | 27,235 | 1,228 | 860 |
| 9 | 28,464 | 1,284 | 899 |
| 10 | 29,748 | 1,342 | 939 |
| TOTAL: | $11,089 | $7,762 |
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.
| Date | APY |
|---|---|
| February 17, 2025 | 4.51% |
| December 27, 2024 | 4.61% |
| October 17, 2024 | 4.91% |
| October 2, 2024 | 5.00% |
| May 13, 2024 | 5.51% |
| December 15, 2023 | 5.66% |
| December 15, 2023 | 5.20% |
| August 20, 2023 | 5.20% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.60% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.55% |
$50,000 |
Learn More | |
|
Last change: ↓0.10% on February 9. |
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|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.51% |
$25,000 |
Learn More | |
|
Last change: ↓0.10% on February 17. |
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|
|
4.50% |
$25,000 |
Learn More | |
|
Last change: ↓0.85% on August 7, 2024. |
||||
Customer Reviews for TotalDirect, a division of City National Bank of Florida
79Thru
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.
Is this review helpful? Yes:2 / No: 0
james
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.
Is this review helpful? Yes:2 / No: 1
SandyB
August 25, 2020 |
Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure!
Is this review helpful? Yes:5 / No: 0
jason petro
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!
Is this review helpful? Yes:3 / No: 4
annoyed
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.
Is this review helpful? Yes:5 / No: 0
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