Compound Interest Calculator
Savings Account from Academy Bank, National Association with 0.05% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Academy Bank, National Association with 0.05% APY and $2,500 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 $20,100. The interest earned would be $100 and the tax amount on the interest earned would be approximately $30.

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

The Results for Academy Bank, National Association

Savings Boost of
$-242 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
Academy Bank, National Association Interest Earned $70

 

 

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:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,133 44 31
5 20,177 45 31
6 20,222 45 31
7 20,267 45 31
8 20,311 45 31
9 20,356 45 31
10 20,401 45 32
TOTAL: $446 $312

Academy Bank, National Association Scenario

Rate:
0.05%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 10 7
2 20,010 10 7
3 20,020 10 7
4 20,030 10 7
5 20,040 10 7
6 20,050 10 7
7 20,060 10 7
8 20,070 10 7
9 20,080 10 7
10 20,090 10 7
TOTAL: $100 $70

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.



Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

12-Month

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

13-Month

Save for the things you want later. Easy online application.

7-Month

7-Month CD Special - Save for the things you want later. Easy online application.

6-Month

5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.



Customer Reviews for Academy Bank, National Association (6)


  • February 4, 2020 |

    Academy was great helping me open a new account

  • February 4, 2020 |

    CDs 12 Month Rates

    Great bank in Scottsdale very helpful people

  • February 14, 2019 |

    CDs 12 Month Rates

    We had a great experience in Greeley. Very friendly, helpful and efficient

  • January 14, 2019 |

    CDs 12 Month Rates

    This is the most unfriendly, uncooperative bank I have ever seen. The person I finally got to said they were not interested in new business!

  • June 16, 2018 | Replies 1

    CDs 12 Month Rates

    AVOID this BANK like the BUBONIC PLAGUE. This entity should not be allowed to operate as a bank. What a horrific experience I had when I opened a simple CD. 100% incompetence at all levels!!

    Dano | Nov 9, 2018

    Which branch? Can you be more specific about the problem(s)


Add Your Review


or use your BestCashCow account

or