Compound Interest Calculator
CD 6-month Account from Heritage Bank National Association with 3.00% APY and $2,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 6-month Account from Heritage Bank National Association with 3.00% APY and $2,000 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 $26,878. The interest earned would be $6,878 and the tax amount on the interest earned would be approximately $2,063.
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 Heritage Bank National Association
Savings Boost of
$4,484 over 10 years
$4,484 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Heritage Bank National Association Interest Earned
$4,815
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 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Heritage Bank National Association Scenario
| Rate: 3.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 600 | 420 |
| 2 | 20,600 | 618 | 433 |
| 3 | 21,218 | 637 | 446 |
| 4 | 21,855 | 656 | 459 |
| 5 | 22,510 | 675 | 473 |
| 6 | 23,185 | 696 | 487 |
| 7 | 23,881 | 716 | 502 |
| 8 | 24,597 | 738 | 517 |
| 9 | 25,335 | 760 | 532 |
| 10 | 26,095 | 783 | 548 |
| TOTAL: | $6,878 | $4,815 |
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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 |
|---|---|
| July 9, 2026 | 3.00% |
| March 26, 2024 | 5.06% |
| February 20, 2024 | 5.30% |
| January 30, 2024 | 5.50% |
| November 17, 2023 | 0.18% |
| August 20, 2023 | 0.14% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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|
Decide once. Earn for a year. A full year of predictable earnings with our 12-Month Jumbo CD. 12-Month |
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|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
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4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.75% |
$0 |
Learn More | |
|
Last change: ↑0.40% on October 11. |
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Customer Reviews for Heritage Bank National Association (8)
1.8 out of 5 based on 5 ratings
WPT
November 2, 2020 |
Got the account opened after weeks and finally got it funded and then they dropped the rate the next day and it is no longer competitive.
Is this review helpful? Yes:1 / No: 0
Lawrence Calder
October 18, 2020 | | Replies 1
the bank is a Minneapolis one, not national offer may present as national but it isn't also need $230,000 and that is over fdic limit
Is this review helpful? Yes:0 / No: 0
Matt | Feb 28, 2021
The info in this comment is misleading. Bank is located in Willmar MN (not Minneapolis), but account may be opened online regardless of where you live. FDIC insures $250K, and eCentive account pays premium interest rate up to $25K.
Peg
April 16, 2020
Heritage eCentive account is now 1.53% APY up to $25,000.00.
above max. 0.53% APY. 5 star rating with the exception of this new rate change and that is a neg. star. Insert crying emojj.
Is this review helpful? Yes:1 / No: 0
Evalay
February 9, 2020 |
money
Is this review helpful? Yes:0 / No: 0
Ric S
February 5, 2020 |
This is listed as a local bank to the St Louis area, but it is not. They also refused to open a new account.
Is this review helpful? Yes:0 / No: 1
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