The product CD Account from ConnectOne Bank with 0.25% 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 $20,506. The interest earned would be $506 and the tax amount on the interest earned would be approximately $152.
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: 0.56% |
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 |
| Rate: 0.25% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 50 | 35 |
| 2 | 20,050 | 50 | 35 |
| 3 | 20,100 | 50 | 35 |
| 4 | 20,150 | 50 | 35 |
| 5 | 20,201 | 51 | 35 |
| 6 | 20,251 | 51 | 35 |
| 7 | 20,302 | 51 | 36 |
| 8 | 20,353 | 51 | 36 |
| 9 | 20,404 | 51 | 36 |
| 10 | 20,455 | 51 | 36 |
| TOTAL: | $506 | $354 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
6.00% |
$5,000 |
Learn More | |
|
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%. |
||||
|
|
5.66% |
$25,000 |
Learn More | |
|
Last change: ↑0.46% on December 15, 2023. |
||||
|
|
5.60% |
$500 |
Learn More | |
|
Last change: ↑0.60% on April 19. |
||||
|
|
5.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on September 8, 2023. |
||||
|
|
5.50% |
$10,000 |
Learn More | |
|
Last change: ↓0.05% on March 15. |
||||
Customer Reviews for ConnectOne Bank (21)
praveen raj
January 18, 2024
Hi,
We've noticed your website is at risk due to spammy comments and contact form submissions, making it susceptible to issues like spammy backlinks and data breaches. Don't worry—there's a simple solution!
Introducing MalCare, the ultimate anti-malware plugin:
Bot Protection
Real-time Firewall
Brute-Force Protection
Deep Malware Scan
Instant Malware Removal
100% Protection for Critical Sites
Activity Log
Bulletproof Backups
Securing your site is as easy as 1-2-3:
Install MalCare.
Scan your site.
Clean it with one click.
Take action now and try MalCare for free: https://linktr.ee/bizsolutionhub
Ensure your website's safety today!
Best,
Praveen
Is this review helpful? Yes:0 / No: 0
Madelaine Hennessy
January 18, 2024
Aim for $250k in 2024 with AI Commissions 2024. Revolutionary AI tools and training at your fingertips. Start here: https://www.socialsurge.ai/recommends/make-250k-with-ai-in-2024/
Hope you guys keep kickin ass and takin names over there at bestcashcow.com!
- Madelaine
Is this review helpful? Yes:0 / No: 0
LindaForever
April 30, 2022 |
Customer service is actually pretty helpful if you can ever reach anyone.
Is this review helpful? Yes:0 / No: 0
8e17geta
December 28, 2021 |
It was not the easiest set up but I am glad I have enjoyed making much more on my online savings account through this bank this past year.
Is this review helpful? Yes:0 / No: 0
CollinsD817
November 15, 2021 |
Was rejected for online account with 800 credit score and I live down the street in New Jersey (Edgewater).
Is this review helpful? Yes:0 / No: 0
Add Your Review
or use your BestCashCow account