Compound Interest Calculator
CD 5-year Account from CFG Bank with 4.30% APY and $500 minimum deposit
Use or Change These Amounts and Rates
The product CD 5-year Account from CFG Bank with 4.30% APY and $500 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 $30,470. The interest earned would be $10,470 and the tax amount on the interest earned would be approximately $3,141.
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 CFG Bank
Savings Boost of
$5,977 over 10 years
$5,977 over 10 years
Cash Savings
$20,000
Average Interest Earned
$1,352
CFG Bank Interest Earned
$7,329
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: 0.93% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 185 | 130 |
| 2 | 20,185 | 187 | 131 |
| 3 | 20,372 | 189 | 132 |
| 4 | 20,561 | 190 | 133 |
| 5 | 20,751 | 192 | 135 |
| 6 | 20,943 | 194 | 136 |
| 7 | 21,137 | 196 | 137 |
| 8 | 21,333 | 198 | 138 |
| 9 | 21,531 | 199 | 140 |
| 10 | 21,730 | 201 | 141 |
| TOTAL: | $1,931 | $1,352 |
CFG Bank Scenario
| Rate: 4.30% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 860 | 602 |
| 2 | 20,860 | 897 | 628 |
| 3 | 21,757 | 936 | 655 |
| 4 | 22,693 | 976 | 683 |
| 5 | 23,668 | 1,018 | 712 |
| 6 | 24,686 | 1,061 | 743 |
| 7 | 25,748 | 1,107 | 775 |
| 8 | 26,855 | 1,155 | 808 |
| 9 | 28,009 | 1,204 | 843 |
| 10 | 29,214 | 1,256 | 879 |
| TOTAL: | $10,470 | $7,329 |
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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, 2026 | 4.30% |
| December 7, 2025 | 3.35% |
| November 12, 2025 | 3.50% |
| September 25, 2025 | 3.60% |
| September 24, 2025 | 3.50% |
| September 18, 2025 | 3.75% |
| January 15, 2025 | 3.65% |
| November 12, 2024 | 3.75% |
| November 12, 2024 | 3.60% |
| October 1, 2024 | 3.60% |
| August 16, 2024 | 3.65% |
| January 9, 2024 | 4.05% |
| November 10, 2023 | 4.25% |
| September 5, 2023 | 4.40% |
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↑0.25% on August 10. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑0.65% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.45% |
$500 |
Learn More | |
|
Last change: ↑0.40% on April 27. |
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Customer Reviews for CFG Bank (61)
3.3 out of 5 based on 54 ratings
richardw9
January 30, 2025 |
I found CFG Bank while searching for high APYs and went with them since they consistently offers some of the best rates in the country. I’ve had a great experience with my personal money market account. Unlike other banks that only reward new customers, CFG keeps rates competitive. Glad I made the switch
Is this review helpful? Yes:0 / No: 0
TJK
September 30, 2023 |
CFG overs very competitive Interest rates on their High Yield Savings account.
I did everything ONLINE and have not had any issues with their service.
Is this review helpful? Yes:2 / No: 0
Demon1965
May 3, 2023 |
30-year USAA member that consistently earned .01% interest on savings. Took son's advice and transferred funds to CFG. On $100k I earned $0.63 monthly with USAA - whereas CFG shares the wealth and I earn $400+. Satisfied customer.
Is this review helpful? Yes:2 / No: 0
DaveF150
April 11, 2023 |
No problem with phoning the bank. It can take 5 to 10 days for the wire transfer, since CFG first makes 2 small deposits into your account to verify the Routing Number and account number YOU provide is valid. That itself can take 2 business days. Then depending on when YOU check your email and recieve a secure link from CFG, you must confirm the small amounts (2) (.28 and .87) prior too, the transfer of funding amount (10K) in my case. Easy to follow web site, just read every word, Safe and Secure.
Is this review helpful? Yes:3 / No: 0
YTR
March 27, 2023 |
CFG is an outstanding bank, and now rate is over 5%!
Is this review helpful? Yes:3 / No: 1
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