Compound Interest Calculator
CD Account from Axos Bank, a division of Bofi Federal Bank with 0.20% APY



Use or Change These Amounts and Rates

The product CD Account from Axos Bank, a division of Bofi Federal Bank with 0.20% APY 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 $20,404. The interest earned would be $404 and the tax amount on the interest earned would be approximately $121.

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 Axos Bank, a division of Bofi Federal Bank

Savings Boost of
$-516 over 10 years
Cash Savings $20,000
Average Interest Earned $798

 
Axos Bank, a division of Bofi Federal Bank Interest Earned $283

 

 

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:
0.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 112 78
3 20,223 112 79
4 20,335 113 79
5 20,449 114 80
6 20,562 114 80
7 20,677 115 80
8 20,792 116 81
9 20,907 116 81
10 21,023 117 82
TOTAL: $1,140 $798

Axos Bank, a division of Bofi Federal Bank Scenario

Rate:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

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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.


Recent Rate Changes



Date APY
August 20, 2023 0.20%


Featured CD Rates

ONLINE BANKS APY? MIN?

6 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%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.60% on April 19.
Warning: Early Withdrawal Penalty is 12 Months interest.

Last change: ↑0.20% on September 8, 2023.
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Last change: ↓0.05% on March 15.
3 Month CD.



Customer Reviews for Axos Bank


  • March 28, 2022 |

    Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I gave up. Customer service escalated my query to the tech side, which told me that since I could log in there was no problem. If my account still exists there is no way to use it! Of course, opening bonus denied.

  • April 19, 2021 |

    more problems than i or anyone should have time for

  • March 11, 2021 |

    Seems to be a different rate depending which site you come from. I guess 0.60% is from BestcashCow, but I saw 0.80% on Magnify.

  • February 12, 2021 |

    Bofi is a shell game. Stay away.

  • January 4, 2021 |

    I am very upset. This was advertised on this site or some other site. It was impossible to get the account opened. When I reached people on the phone, they were nasty. Now the rate is lower and I cannot get my cash out.


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