Compound Interest Calculator
CD 4-year Account from Wintrust Bank, National Association with 0.50% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Wintrust Bank, National Association with 0.50% 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 $21,023. The interest earned would be $1,023 and the tax amount on the interest earned would be approximately $307.

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
$-463 over 10 years
Cash Savings $20,000
Average Interest Earned $1,179

 
Wintrust Bank, National Association Interest Earned $716

 

 

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

Wintrust Bank, National Association Scenario

Rate:
0.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 100 70
2 20,100 101 70
3 20,201 101 71
4 20,302 102 71
5 20,403 102 71
6 20,505 103 72
7 20,608 103 72
8 20,711 104 72
9 20,814 104 73
10 20,918 105 73
TOTAL: $1,023 $716

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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