Compound Interest Calculator
Savings Account from ConnectOne Bank with 3.25% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from ConnectOne Bank with 3.25% APY and $2,500 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 $27,538. The interest earned would be $7,538 and the tax amount on the interest earned would be approximately $2,261.

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 ConnectOne Bank

Savings Boost of
$4,958 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
ConnectOne Bank Interest Earned $5,277

 

 

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:
0.23%
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

ConnectOne Bank Scenario

Rate:
3.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 650 455
2 20,650 671 470
3 21,321 693 485
4 22,014 715 501
5 22,730 739 517
6 23,468 763 534
7 24,231 788 551
8 25,018 813 569
9 25,832 840 588
10 26,671 867 607
TOTAL: $7,538 $5,277

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.


Recent Rate Changes



Date APY
December 12, 2025 3.25%
November 13, 2025 3.50%
September 3, 2025 3.75%
January 18, 2025 4.00%
November 18, 2024 4.30%
February 20, 2024 4.60%
December 22, 2023 4.90%
December 22, 2023 5.40%
November 13, 2023 4.90%
November 13, 2023 4.78%
August 20, 2023 4.25%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.20% on December 7.
Early Withdrawal Penalty is 6 months interest.

Last change: ↑0.15% on December 22.

Last change: ↑0.20% on December 7.

Last change: ↑0.10% on November 3.
Early Withdrawal Penalty is 90 days interest.



Customer Reviews for ConnectOne Bank (25)


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