Compound Interest Calculator
Savings Account from Home Loan Investment Bank, F.S.B. with 5.10% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Home Loan Investment Bank, F.S.B. with 5.10% APY and $25,000 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 $32,889. The interest earned would be $12,889 and the tax amount on the interest earned would be approximately $3,867.

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 Home Loan Investment Bank, F.S.B.

Savings Boost of
$8,710 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
Home Loan Investment Bank, F.S.B. Interest Earned $9,023

 

 

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:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,133 44 31
5 20,177 45 31
6 20,222 45 31
7 20,267 45 31
8 20,311 45 31
9 20,356 45 31
10 20,401 45 32
TOTAL: $446 $312

Home Loan Investment Bank, F.S.B. Scenario

Rate:
5.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,020 714
2 21,020 1,072 750
3 22,092 1,127 789
4 23,219 1,184 829
5 24,403 1,245 871
6 25,647 1,308 916
7 26,955 1,375 962
8 28,330 1,445 1,011
9 29,775 1,519 1,063
10 31,294 1,596 1,117
TOTAL: $12,889 $9,023

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
August 19, 2023 5.10%


Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

13-Month Online CD - Save for the things you want later. Easy online application.

12-Month

Save for the things you want later. Easy online application.

13-Month

7-Month CD Special - Save for the things you want later. Easy online application.

6-Month

Save for the things you want later. Easy online application.

7-Month

5 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%.



Customer Reviews for Home Loan Investment Bank, F.S.B.


  • December 13, 2019 |

    Online CDs 30 Month Rates

    yes good

  • October 21, 2019

    Online CDs 60 Month Rates

    Don't have an experience but would like to have one.

  • May 30, 2019 |

    https://www.ripoffreport.com/report/home-loan-investment-bank-fsb/warwick-ri-rhode-isls-largest-1479077

  • May 30, 2019 |

    https://www.ripoffreport.com/report/home-loan-investment-bank-fsb/warwick-ri-rhode-isls-largest-1479077


Add Your Review


or use your BestCashCow account

or