Compound Interest Calculator
CD 4-year Account from Washington Trust Bank with 1.32% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Washington Trust Bank with 1.32% APY and $100,000 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 $22,802. The interest earned would be $2,802 and the tax amount on the interest earned would be approximately $841.

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 Washington Trust Bank

Savings Boost of
$782 over 10 years
Cash Savings $20,000
Average Interest Earned $1,179

 
Washington Trust Bank Interest Earned $1,962

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 162 114
2 20,162 164 115
3 20,326 165 116
4 20,491 166 116
5 20,658 168 117
6 20,825 169 118
7 20,994 170 119
8 21,165 172 120
9 21,337 173 121
10 21,510 175 122
TOTAL: $1,685 $1,179

Washington Trust Bank Scenario

Rate:
1.32%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 264 185
2 20,264 267 187
3 20,531 271 190
4 20,803 275 192
5 21,077 278 195
6 21,355 282 197
7 21,637 286 200
8 21,923 289 203
9 22,212 293 205
10 22,505 297 208
TOTAL: $2,802 $1,962

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 3, 2024 1.32%


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Customer Reviews for Washington Trust Bank


  • August 15, 2019 |

    I DO NOT LIKE THIS BANK, MORE THAN ONCE I HAVE BEEN HUMILIATED BY THIS BANK AND THEIR CARDS.


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