The product CD 6-month Account from Adirondack Bank with 3.20% 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 $27,405. The interest earned would be $7,405 and the tax amount on the interest earned would be approximately $2,221.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.22% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 31 |
| 2 | 20,045 | 45 | 31 |
| 3 | 20,089 | 45 | 31 |
| 4 | 20,134 | 45 | 31 |
| 5 | 20,179 | 45 | 31 |
| 6 | 20,224 | 45 | 32 |
| 7 | 20,269 | 45 | 32 |
| 8 | 20,314 | 45 | 32 |
| 9 | 20,360 | 45 | 32 |
| 10 | 20,405 | 46 | 32 |
| TOTAL: | $451 | $315 |
| Rate: 3.20% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 640 | 448 |
| 2 | 20,640 | 660 | 462 |
| 3 | 21,300 | 682 | 477 |
| 4 | 21,982 | 703 | 492 |
| 5 | 22,686 | 726 | 508 |
| 6 | 23,411 | 749 | 524 |
| 7 | 24,161 | 773 | 541 |
| 8 | 24,934 | 798 | 559 |
| 9 | 25,732 | 823 | 576 |
| 10 | 26,555 | 850 | 595 |
| TOTAL: | $7,405 | $5,183 |
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.
| Date | APY |
|---|---|
| April 21, 2025 | 3.20% |
| April 14, 2025 | 3.14% |
| March 17, 2025 | 3.25% |
| February 17, 2025 | 3.30% |
| February 3, 2025 | 3.25% |
| January 20, 2025 | 3.30% |
| January 13, 2025 | 3.25% |
| December 23, 2024 | 3.30% |
| November 11, 2024 | 3.40% |
| November 4, 2024 | 3.45% |
| October 14, 2024 | 3.40% |
| October 7, 2024 | 3.35% |
| September 30, 2024 | 3.45% |
| September 22, 2024 | 3.56% |
| September 13, 2024 | 3.61% |
| August 31, 2024 | 3.71% |
| August 26, 2024 | 3.82% |
| January 11, 2024 | 4.02% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on January 18. |
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|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↓0.05% on April 30. |
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|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↓0.15% on January 25. |
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|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on April 9. |
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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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