The product CD 4-year Account from Cross River Bank with 3.60% 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 $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: 0.82% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 164 | 115 |
| 2 | 20,164 | 165 | 116 |
| 3 | 20,329 | 166 | 117 |
| 4 | 20,495 | 168 | 118 |
| 5 | 20,663 | 169 | 118 |
| 6 | 20,833 | 171 | 119 |
| 7 | 21,003 | 172 | 120 |
| 8 | 21,175 | 173 | 121 |
| 9 | 21,349 | 175 | 122 |
| 10 | 21,523 | 176 | 123 |
| TOTAL: | $1,700 | $1,190 |
| 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 |
|---|---|
| November 14, 2025 | 3.60% |
| October 11, 2024 | 3.00% |
| December 10, 2023 | 4.75% |
| August 20, 2023 | 1.50% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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|
|
4.20% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on December 7. |
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|
|
4.20% |
$1,000 |
Learn More | |
|
Last change: ↑0.05% on December 1. |
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|
|
4.15% |
$1,000 |
Learn More | |
|
Last change: ↑0.10% on December 1. |
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|
|
4.10% |
$25,000 |
Learn More | |
|
Last change: ↓0.15% on November 26. |
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Customer Reviews for Cross River Bank
Zman111
June 26, 2022 |
ACH transfers are not allowed. Called and was told that I had to set up wire transfers (and pay fees) or I could come in to the bank and get a bank check.
Is this review helpful? Yes:1 / No: 0
Rob
January 15, 2022 |
I've done some work with these guys.
This is a New Jersey-based bitcoin ponzi scheme run by a bunch of 30-something Wall Street throw aways. If you must chase 51 bps, I suggest you do it somewhere else.
Is this review helpful? Yes:2 / No: 0
Lorenzo Hernandez
November 19, 2021 |
Just terrible and should not be listed here.
Is this review helpful? Yes:2 / No: 1
Steven G
September 19, 2021 |
No problems at first and then I needed to reach customer service with an easy question about ACH transfers and they could not answer it. I will go back to making a little less at a more established name.
Is this review helpful? Yes:2 / No: 0
Jay
July 7, 2021 |
This is s a crap organization run by kids that abused PPP, and are now about to boil themselves on crypto. You should not give them your money at 51 basis points!
Is this review helpful? Yes:3 / No: 0
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