The product CD Account from Heritage Bank National Association with 1.15% 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 $22,423. The interest earned would be $2,423 and the tax amount on the interest earned would be approximately $727.
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: 0.81% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 162 | 113 |
| 2 | 20,162 | 163 | 114 |
| 3 | 20,325 | 164 | 115 |
| 4 | 20,489 | 166 | 116 |
| 5 | 20,655 | 167 | 117 |
| 6 | 20,822 | 168 | 118 |
| 7 | 20,991 | 170 | 119 |
| 8 | 21,160 | 171 | 120 |
| 9 | 21,332 | 173 | 121 |
| 10 | 21,504 | 174 | 122 |
| TOTAL: | $1,678 | $1,175 |
| Rate: 1.15% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 230 | 161 |
| 2 | 20,230 | 233 | 163 |
| 3 | 20,463 | 235 | 165 |
| 4 | 20,698 | 238 | 167 |
| 5 | 20,936 | 241 | 169 |
| 6 | 21,177 | 244 | 170 |
| 7 | 21,420 | 246 | 172 |
| 8 | 21,667 | 249 | 174 |
| 9 | 21,916 | 252 | 176 |
| 10 | 22,168 | 255 | 178 |
| TOTAL: | $2,423 | $1,696 |
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 |
|---|---|
| January 30, 2024 | 1.15% |
| November 17, 2023 | 0.26% |
| August 20, 2023 | 0.24% |
| 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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|
|
5.60% |
$500 |
Learn More | |
|
Last change: ↑0.60% on April 19. |
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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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Customer Reviews for Heritage Bank National Association (8)
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:0 / 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 | Apr 27, 2024
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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