The product CD Account from First State Bank with 0.18% 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 $20,363. The interest earned would be $363 and the tax amount on the interest earned would be approximately $109.
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: 0.18% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 36 | 25 |
| 2 | 20,036 | 36 | 25 |
| 3 | 20,072 | 36 | 25 |
| 4 | 20,108 | 36 | 25 |
| 5 | 20,144 | 36 | 25 |
| 6 | 20,181 | 36 | 25 |
| 7 | 20,217 | 36 | 25 |
| 8 | 20,253 | 36 | 26 |
| 9 | 20,290 | 37 | 26 |
| 10 | 20,326 | 37 | 26 |
| TOTAL: | $363 | $254 |
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%. |
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|
|
5.66% |
$25,000 |
Learn More | |
|
Last change: ↑0.46% on December 15, 2023. |
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|
|
5.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
Learn More | |
|
Last change: ↓0.05% on March 15. |
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|
|
5.49% |
$50,000 |
Learn More | |
|
Last change: ↑0.09% on March 12. |
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Customer Reviews for Old Glory Bank
Rena Goyal
January 20, 2024
I recently had the pleasure of banking with Old Glory, and I must say it's a refreshing experience to find a financial institution that aligns with American values. The commitment to upholding Judeo-Christian principles, as highlighted by the bank's name, is commendable.
The simplicity of the website and platform, while described by some as basic, contributed to a straightforward and easy-to-navigate banking experience for me. The focus on core values, combined with the credibility added by figures like Dr. Ben Carson, a founding board member, instills confidence in Old Glory Bank.
What sets Old Glory apart is its dedication to principles that resonate with many Americans. In a world where financial institutions can sometimes seem disconnected from our values, Old Glory stands out as a beacon of integrity.
I appreciate the bank's stand against what some perceive as divisive ideologies, and I believe that having a financial partner like Old Glory is a testament to the essence of what it means to be American.
Overall, I would rate Old Glory Bank highly, not just for its services but for being a bank that reflects and respects the beliefs of its customers.
Rating: 5/5
Is this review helpful? Yes:3 / No: 0
Jack D. Channing
January 20, 2024 |
We need more companies such as Old Glory, because there are few left out there that respect American's values and beliefs. The fact that we need a bank such as Old Glory in the first place shows how divided our country is, and although having a bank such as this one makes things worse in a sense, it is necessary, since if we don't, we will end up like Canada with the government seizing our assets for protesting our beliefs. It has already happened in a sense, and it is against everything we stand for as Americans, and having a bank like Old Glory is exactly what America is REALLY all about. This bank is a 10/10!
Is this review helpful? Yes:2 / No: 0
Lexor
October 30, 2023 |
I opened a Checking & Savings account with Old Glory Bank in August. I deposited just a few hundred in each account at first until I felt more comfortable with transferring more. I had trust issues. The website was very basic. After signing-in, the platform felt even more rudimentary. About a month later I received a check in the mail from Old Glory Bank for the total amounts I had in their bank. I went to check on my accounts and noticed all my money had been withdrawn and my accounts were closed. No explanation given. I tried contacting them for some answers as to what happened and still haven't received a response. That's not all. I'm still able to sign-in to my accounts even though there is no money in them. Very strange. I would not recommend this bank at this point in time.
Is this review helpful? Yes:2 / No: 8
chuckib
October 7, 2023 |
Primary reason from switching from one of the top banks in America to Old Glory is exactly what their name implies- a bank that is committed to upholding the Judeo Christian Principles this country was founded upon. A bank that will not allocate funds to woke socialist values and genocide of our children. Dr Ben Carson a founding board member added credibility. Chuck B
Is this review helpful? Yes:11 / No: 1
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