Compound Interest Calculator
CD 3-year Account from Wintrust Bank, National Association with 0.30% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Wintrust Bank, National Association with 0.30% 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 $20,608. The interest earned would be $608 and the tax amount on the interest earned would be approximately $182.

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
$-660 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
Wintrust Bank, National Association Interest Earned $426

 

 

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 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

Wintrust Bank, National Association Scenario

Rate:
0.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 60 42
2 20,060 60 42
3 20,120 60 42
4 20,181 61 42
5 20,241 61 43
6 20,302 61 43
7 20,363 61 43
8 20,424 61 43
9 20,485 61 43
10 20,547 62 43
TOTAL: $608 $426

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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