The product CD 18-month Account from Charles Schwab Bank, SSB with 3.60% 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 $28,486. The interest earned would be $8,486 and the tax amount on the interest earned would be approximately $2,546.
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: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 32 |
| 2 | 20,045 | 45 | 32 |
| 3 | 20,090 | 45 | 32 |
| 4 | 20,135 | 45 | 32 |
| 5 | 20,181 | 45 | 32 |
| 6 | 20,226 | 46 | 32 |
| 7 | 20,272 | 46 | 32 |
| 8 | 20,317 | 46 | 32 |
| 9 | 20,363 | 46 | 32 |
| 10 | 20,409 | 46 | 32 |
| TOTAL: | $455 | $318 |
| Rate: 3.60% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 720 | 504 |
| 2 | 20,720 | 746 | 522 |
| 3 | 21,466 | 773 | 541 |
| 4 | 22,239 | 801 | 560 |
| 5 | 23,039 | 829 | 581 |
| 6 | 23,869 | 859 | 601 |
| 7 | 24,728 | 890 | 623 |
| 8 | 25,618 | 922 | 646 |
| 9 | 26,540 | 955 | 669 |
| 10 | 27,496 | 990 | 693 |
| TOTAL: | $8,486 | $5,940 |
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 |
|---|---|
| December 12, 2025 | 3.60% |
| December 1, 2025 | 3.70% |
| November 24, 2025 | 3.75% |
| November 17, 2025 | 3.70% |
| November 3, 2025 | 3.60% |
| September 20, 2025 | 3.75% |
| September 9, 2025 | 3.90% |
| April 4, 2025 | 4.10% |
| February 26, 2025 | 4.25% |
| February 18, 2025 | 4.35% |
| January 20, 2025 | 4.30% |
| January 6, 2025 | 4.25% |
| December 30, 2024 | 4.40% |
| December 23, 2024 | 4.30% |
| December 18, 2024 | 4.10% |
| December 9, 2024 | 4.15% |
| December 6, 2024 | 4.35% |
| November 25, 2024 | 4.40% |
| November 18, 2024 | 4.35% |
| November 4, 2024 | 4.30% |
| October 18, 2024 | 4.25% |
| September 25, 2024 | 4.05% |
| August 31, 2024 | 4.50% |
| August 16, 2024 | 4.10% |
| August 7, 2024 | 4.50% |
| July 29, 2024 | 4.90% |
| November 26, 2023 | 5.55% |
| September 8, 2023 | 5.65% |
| September 5, 2023 | 5.60% |
| September 1, 2023 | 5.65% |
| August 19, 2023 | 5.55% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.20% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on December 7. |
||||
|
|
4.15% |
$500 |
Learn More | |
|
Last change: ↑0.15% on December 22. |
||||
|
|
4.10% |
$1,000 |
Learn More | |
|
|
4.10% |
$2,500 |
Learn More | |
|
Last change: ↑0.20% on December 7. |
||||
|
|
4.10% |
$0 |
Learn More | |
|
Last change: ↑0.10% on November 3. |
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Customer Reviews for Charles Schwab Bank, SSB
kenbeckyreese@icloud.com
February 12, 2020
WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVISE.
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