Compound Interest Calculator
CD 1-year Account from Wintrust Bank, National Association with 0.10% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Wintrust Bank, National Association with 0.10% APY and $10,000 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 $20,201. The interest earned would be $201 and the tax amount on the interest earned would be approximately $60.

Please note that this product is available in Illinois and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Wintrust Bank, National Association

Savings Boost of
$-652 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
Wintrust Bank, National Association Interest Earned $141

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

Wintrust Bank, National Association Scenario

Rate:
0.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 20 14
2 20,020 20 14
3 20,040 20 14
4 20,060 20 14
5 20,080 20 14
6 20,100 20 14
7 20,120 20 14
8 20,140 20 14
9 20,161 20 14
10 20,181 20 14
TOTAL: $201 $141

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.



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Customer Reviews for Wintrust Bank, National Association


  • February 21, 2019 |

    Please read this for all small business owners.
    Do NOT use wintrust for any small business loans.
    They drained me for over 2 months, and I constantly had to contact them to see what is up.
    We were told at one time the check would be cut the following week, and then then asked for more items.
    Please don't get your business in trouble waiting on them.
    I am leaving this bank after 12 years. I put up with their old on-line banking which is about a decade behind and really messed up and not working many times without their staffs knowledge.
    They are a small bank that merged, and they all don't work well with each other if you walk into a branch that is not yours.
    They seem many years behind and not a big city bank like they claim.


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