Compound Interest Calculator
CD 5-year Account from Bank of Newington with 1.33% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Bank of Newington Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 5-year Account from Bank of Newington with 1.33% APY and $10,000 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 $22,825. The interest earned would be $2,825 and the tax amount on the interest earned would be approximately $847.

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

The Results for Bank of Newington

Savings Boost of
$630 over 10 years

Cash Savings $20,000

Average Interest Earned $1,347

Bank of Newington Interest Earned $1,977

Compare

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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	185	129
2	20,185	186	130
3	20,371	188	132
4	20,559	190	133
5	20,749	192	134
6	20,940	193	135
7	21,133	195	137
8	21,329	197	138
9	21,525	199	139
10	21,724	201	140
	TOTAL:	$1,925	$1,347

Bank of Newington Scenario

	Rate: 1.33%	Annual Interest	Annual Interest (After Tax)
1	20,000	266	186
2	20,266	270	189
3	20,536	273	191
4	20,809	277	194
5	21,085	280	196
6	21,366	284	199
7	21,650	288	202
8	21,938	292	204
9	22,230	296	207
10	22,525	300	210
	TOTAL:	$2,825	$1,977

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

ONLINE BANKS	APY^?	MIN^?
Total Bank, a division of City National Bank of Florida	4.25%	$25,000	Learn More
Last change: ↓0.16% on September 18.
Total Bank, a division of City National Bank of Florida	4.25%	$25,000	Learn More
Last change: ↓0.16% on September 18. 3 Month CD.
Bread Savings, a division of Bread Financial	4.20%	$1,500	Learn More
Last change: ↓0.10% on October 13.
Limelight Bank, A division of Capital Community Bank	4.15%	$1,000	Learn More
Last change: ↓0.15% on October 13.
M.Y. SAFRA BANK, FSB	4.15%	$500	Learn More

Compound Interest Calculator CD 5-year Account from Bank of Newington with 1.33% APY and $10,000 minimum deposit