Compound Interest Calculator
CD 1-year Account from Adirondack Bank with 3.04% APY and $1,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 1-year Account from Adirondack Bank with 3.04% APY and $1,000 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 $26,983. The interest earned would be $6,983 and the tax amount on the interest earned would be approximately $2,095.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
Our records indicate that this institution has been acquired by Arrow Bank National Association.
The Results for Adirondack Bank
Savings Boost of
$4,094 over 10 years
$4,094 over 10 years
Cash Savings
$20,000
Average Interest Earned
$794
Adirondack Bank Interest Earned
$4,888
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 | 111 | 77 |
| 2 | 20,111 | 111 | 78 |
| 3 | 20,222 | 112 | 78 |
| 4 | 20,334 | 112 | 79 |
| 5 | 20,446 | 113 | 79 |
| 6 | 20,559 | 114 | 80 |
| 7 | 20,673 | 114 | 80 |
| 8 | 20,787 | 115 | 80 |
| 9 | 20,902 | 116 | 81 |
| 10 | 21,018 | 116 | 81 |
| TOTAL: | $1,134 | $794 |
Adirondack Bank Scenario
| Rate: 3.04% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 608 | 426 |
| 2 | 20,608 | 626 | 439 |
| 3 | 21,234 | 646 | 452 |
| 4 | 21,880 | 665 | 466 |
| 5 | 22,545 | 685 | 480 |
| 6 | 23,231 | 706 | 494 |
| 7 | 23,937 | 728 | 509 |
| 8 | 24,664 | 750 | 525 |
| 9 | 25,414 | 773 | 541 |
| 10 | 26,187 | 796 | 557 |
| TOTAL: | $6,983 | $4,888 |
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Recent Rate Changes
| Date | APY |
|---|---|
| June 29, 2026 | 3.04% |
| June 15, 2026 | 2.94% |
| May 25, 2026 | 2.89% |
| May 11, 2026 | 2.84% |
| April 13, 2026 | 2.78% |
| March 30, 2026 | 2.89% |
| March 16, 2026 | 2.73% |
| February 9, 2026 | 2.63% |
| January 26, 2026 | 2.68% |
| January 12, 2026 | 2.63% |
| December 22, 2025 | 2.68% |
| December 1, 2025 | 2.73% |
| November 24, 2025 | 2.84% |
| November 17, 2025 | 2.73% |
| November 10, 2025 | 2.84% |
| October 13, 2025 | 2.73% |
| October 6, 2025 | 2.78% |
| September 29, 2025 | 2.73% |
| September 18, 2025 | 2.78% |
| September 15, 2025 | 2.73% |
| September 1, 2025 | 2.94% |
| August 18, 2025 | 2.99% |
| August 11, 2025 | 2.94% |
| July 14, 2025 | 3.09% |
| July 7, 2025 | 3.04% |
| June 30, 2025 | 3.09% |
| May 26, 2025 | 3.14% |
| May 19, 2025 | 3.09% |
| April 21, 2025 | 3.04% |
| April 14, 2025 | 2.89% |
| March 17, 2025 | 3.04% |
| March 10, 2025 | 3.14% |
| March 3, 2025 | 3.20% |
| February 17, 2025 | 3.25% |
| February 3, 2025 | 3.14% |
| January 20, 2025 | 3.20% |
| January 13, 2025 | 3.14% |
| December 23, 2024 | 3.25% |
| December 9, 2024 | 3.30% |
| December 2, 2024 | 3.35% |
| November 18, 2024 | 3.30% |
| November 4, 2024 | 3.25% |
| October 14, 2024 | 3.20% |
| October 7, 2024 | 2.99% |
| September 22, 2024 | 3.04% |
| September 13, 2024 | 3.14% |
| August 31, 2024 | 3.35% |
| August 26, 2024 | 3.45% |
| January 11, 2024 | 3.66% |
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
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|
|
4.85% |
$500 |
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|
Last change: ↑0.81% on April 27. |
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|
|
4.85% |
$500 |
Learn More | |
|
Last change: ↑0.80% on April 27. |
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|
|
4.85% |
$500 |
Learn More | |
|
Last change: ↑0.78% on April 27. |
||||
Customer Reviews for Adirondack Bank
Ed
January 5, 2018
BEWARE of their Home Equity Loan practices. Towards the end of the process, after you've complied with all their requests and are on the hook for lots of fees if you cancel, they demand that all of your credit card accounts be closed. AND even the ones their funds are not going to will be closed! A Home Equity Loan from Adirondack Bank will leave you without a single credit card! Try operating a business or a life without a credit card!
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