Compound Interest Calculator
CD 30-month Account from Avidia Bank with 2.28% APY and $1,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 30-month Account from Avidia Bank with 2.28% 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 $25,057. The interest earned would be $5,057 and the tax amount on the interest earned would be approximately $1,517.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Avidia Bank
Savings Boost of
$3,211 over 10 years
$3,211 over 10 years
Cash Savings
$20,000
Average Interest Earned
$330
Avidia Bank Interest Earned
$3,540
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: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,093 | 47 | 33 |
| 4 | 20,140 | 47 | 33 |
| 5 | 20,187 | 47 | 33 |
| 6 | 20,234 | 47 | 33 |
| 7 | 20,281 | 47 | 33 |
| 8 | 20,328 | 47 | 33 |
| 9 | 20,376 | 47 | 33 |
| 10 | 20,423 | 48 | 33 |
| TOTAL: | $471 | $330 |
Avidia Bank Scenario
| Rate: 2.28% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 456 | 319 |
| 2 | 20,456 | 466 | 326 |
| 3 | 20,922 | 477 | 334 |
| 4 | 21,399 | 488 | 342 |
| 5 | 21,887 | 499 | 349 |
| 6 | 22,386 | 510 | 357 |
| 7 | 22,897 | 522 | 365 |
| 8 | 23,419 | 534 | 374 |
| 9 | 23,953 | 546 | 382 |
| 10 | 24,499 | 559 | 391 |
| TOTAL: | $5,057 | $3,540 |
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Recent Rate Changes
| Date | APY |
|---|---|
| December 22, 2025 | 2.28% |
| July 14, 2025 | 2.53% |
| November 25, 2024 | 3.05% |
| September 22, 2024 | 3.15% |
| August 31, 2024 | 3.82% |
| August 16, 2024 | 3.67% |
| May 30, 2024 | 4.08% |
| February 20, 2024 | 3.82% |
| January 22, 2024 | 4.08% |
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Customer Reviews for Avidia Bank
1.0 out of 5 based on 1 rating
sur
August 16, 2019 |
Deceptive Sales Practices: Huge Penalties
What an awakening! Without any clear statement, and nothing at all on its website, Avidia charged us 50% of the CD’s FULL TERM interest, including both paid and unpaid interest. We lost roughly 10% of the entire original deposit. Avidia's website doesn’t mention or discuss penalties at all. Looking more carefully at the CD certificate, we now see that carefully chosen trick words were used, without any warning or explanation, to enable this ripoff. The CD was for 5 years at 1.56%, not a good deal to begin with. Once the penalty of all 5 years of interest was applied, the effective rate for that CD, withdrawn 2 years from inception, was roughly negative 5%.
Our preferred bank (obviously not Avidia) charges 50% of ONE year's interest as a penalty for early withdrawal of a CD. We had naively thought that was the norm, but obviously got snookered. The tricky words, appearing once on the actual certificate: "the term."
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