Compound Interest Calculator
CD 5-year Account from United Bank with 1.90% APY and $50 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from United Bank with 1.90% APY and $50 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 $24,142. The interest earned would be $4,142 and the tax amount on the interest earned would be approximately $1,243.

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 United Bank

Savings Boost of
$1,564 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
United Bank Interest Earned $2,899

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

United Bank Scenario

Rate:
1.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 380 266
2 20,380 387 271
3 20,767 395 276
4 21,162 402 281
5 21,564 410 287
6 21,974 417 292
7 22,391 425 298
8 22,817 434 303
9 23,250 442 309
10 23,692 450 315
TOTAL: $4,142 $2,899

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
December 7, 2023 1.90%


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 United Bank


  • April 12, 2019 |

    United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. The worst part was that they did not send us the RMD on time as Merrill Edge had done for years. I did not catch this mistake until I was doing our taxes, and now we may owe the IRS a huge penalty.


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