Compound Interest Calculator
CD 3-year Account from Transportation Alliance Bank, Inc. d/b/a TAB Bank with 3.91% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Transportation Alliance Bank, Inc. d/b/a TAB Bank with 3.91% 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 $29,350. The interest earned would be $9,350 and the tax amount on the interest earned would be approximately $2,805.

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
$5,454 over 10 years
Cash Savings $20,000
Average Interest Earned $1,091

 
Transportation Alliance Bank, Inc. d/b/a TAB Bank Interest Earned $6,545

 

 

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 20,000 151 105
2 20,151 152 106
3 20,302 153 107
4 20,455 154 108
5 20,609 155 109
6 20,764 156 109
7 20,921 158 110
8 21,078 159 111
9 21,237 160 112
10 21,397 161 113
TOTAL: $1,558 $1,091

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

Rate:
3.91%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 782 547
2 20,782 813 569
3 21,595 844 591
4 22,439 877 614
5 23,316 912 638
6 24,228 947 663
7 25,175 984 689
8 26,160 1,023 716
9 27,182 1,063 744
10 28,245 1,104 773
TOTAL: $9,350 $6,545

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
February 4, 2025 3.91%
September 25, 2024 3.60%
September 9, 2024 4.00%
August 7, 2024 4.35%
August 7, 2024 4.65%
August 7, 2024 4.30%
August 7, 2024 4.35%
October 25, 2023 4.25%


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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.


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