The product CD 6-month Account from IncredibleBank with 3.60% APY and $1,000 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 $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: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 32 |
| 2 | 20,045 | 45 | 32 |
| 3 | 20,091 | 45 | 32 |
| 4 | 20,136 | 46 | 32 |
| 5 | 20,181 | 46 | 32 |
| 6 | 20,227 | 46 | 32 |
| 7 | 20,273 | 46 | 32 |
| 8 | 20,319 | 46 | 32 |
| 9 | 20,364 | 46 | 32 |
| 10 | 20,410 | 46 | 32 |
| TOTAL: | $457 | $320 |
| 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 10, 2025 | 3.60% |
| November 3, 2025 | 3.76% |
| September 22, 2025 | 3.80% |
| June 23, 2025 | 4.05% |
| November 18, 2024 | 3.79% |
| September 30, 2024 | 4.30% |
| August 2, 2024 | 4.65% |
| June 13, 2024 | 5.00% |
| 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 IncredibleBank
nonsense
May 21, 2021 |
avoid this
Is this review helpful? Yes:3 / No: 0
Wapner
April 29, 2021 |
62 bps isn't so incredible if you need to go over FDIC limits with a B-rated bank to get it. The rate below that is 25 bps and then you still need $150,000.
Is this review helpful? Yes:3 / No: 0
007Spider
April 25, 2021 |
$300k is over FDIC limits for individuals. Do you accept joint accounts?
Is this review helpful? Yes:3 / No: 0
Eleanor
January 4, 2021 |
The rate is 0.25% on balances under $300,000. Nobody in their right mind is going to go over $250,000 in this bank. Bestcashcow should remove it.
Is this review helpful? Yes:4 / No: 0
LA Albert
November 27, 2020 |
I thought it was a good rate, but I am not going over FDIC limits in a bank I've never heard of.
Is this review helpful? Yes:4 / No: 0
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