Compound Interest Calculator
CD 18-month Account from Transportation Alliance Bank, Inc. d/b/a TAB Bank with 3.95% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from Transportation Alliance Bank, Inc. d/b/a TAB Bank with 3.95% 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 $29,463. The interest earned would be $9,463 and the tax amount on the interest earned would be approximately $2,839.

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 Transportation Alliance Bank, Inc. d/b/a TAB Bank

Savings Boost of
$6,304 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Transportation Alliance Bank, Inc. d/b/a TAB Bank Interest Earned $6,624

 

 

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:
0.23%
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

Transportation Alliance Bank, Inc. d/b/a TAB Bank Scenario

Rate:
3.95%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 790 553
2 20,790 821 575
3 21,611 854 598
4 22,465 887 621
5 23,352 922 646
6 24,275 959 671
7 25,233 997 698
8 26,230 1,036 725
9 27,266 1,077 754
10 28,343 1,120 784
TOTAL: $9,463 $6,624

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 3.95%
September 9, 2024 4.40%
August 7, 2024 4.85%
August 7, 2024 4.65%
August 7, 2024 4.85%
April 20, 2024 5.00%
October 25, 2023 5.13%


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 Transportation Alliance Bank, Inc. d/b/a TAB Bank


  • March 19, 2022

    Online Savings Rates

    Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner

  • February 28, 2021 |

    Online Savings Rates

    ACH transfers limited to $3,000, unsecured website, emailing acct numbers, hours to reach customer service. Need not say more.

  • January 23, 2021 |

    Online Savings Rates

    Not worth the hassle.

  • October 24, 2020 |

    Online Savings Rates

    Avoid any bank that lowers its savings rate from 0.90% to 0.65% without any notice to customers. just avoid it.

  • October 17, 2020 |

    Online Savings Rates

    I opened an account here online two weeks ago. I funded with $50,000 from WFC, easy, no issues. Then I set it up to increase funding and each entry was rejected. Only after opening I learn the bank has a $3,000 external funding limit. I tried to reach someone by phone to ask about this and was placed on hold for over 30 minutes at which point I hanged up. From reading some of the other reviews on this site, I see that I might be able to overcome this rule by funding from source account at WFC, but I will still need to check with them and that will involve another 30 minutes of wasted time. I would not have bothered with this account had I been aware of these limitations. Also, I am now regretting working with a bank in Utah as it is the only damn State in the Union still backing the orange narcissist.


Add Your Review


or use your BestCashCow account

or