Compound Interest Calculator
CD 7-month Account from Umpqua Bank with 4.70% APY and $1 minimum deposit



Use or Change These Amounts and Rates

The product CD 7-month Account from Umpqua Bank with 4.70% APY and $1 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 $31,659. The interest earned would be $11,659 and the tax amount on the interest earned would be approximately $3,498.

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 Umpqua Bank

Savings Boost of
$7,842 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Umpqua Bank Interest Earned $8,161

 

 

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

Umpqua Bank Scenario

Rate:
4.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 940 658
2 20,940 984 689
3 21,924 1,030 721
4 22,955 1,079 755
5 24,033 1,130 791
6 25,163 1,183 828
7 26,346 1,238 867
8 27,584 1,296 908
9 28,880 1,357 950
10 30,238 1,421 995
TOTAL: $11,659 $8,161

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
April 1, 2024 4.70%
February 27, 2024 4.85%


Featured CD Rates

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Customer Reviews for Umpqua Bank


  • August 25, 2021 |

    I have banked with Umpqua in Gig Harbor since 2013 and although there money market rates are not good didn’t have much problem until I moved to Spokane and started using this branch on south hill. They will not take any check that is made out to you and your spouse. Even if you and your spouse are both there at the bank with valid Real IDs that require a birth certificate to get and you both sign the check in front of the bank teller. The branch manager was also unwilling to help.
    So my wife and I took our US treasury check to deposit at Washington trust bank and had no problems. I suggest you do your banking somewhere else.

  • October 5, 2019

    CDs 13 Month Rates

    yes, Good rate 13 Mo CD


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