Compound Interest Calculator
CD Account from JPMorgan Chase Bank, National Association with 2.00% APY



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The product CD Account from JPMorgan Chase Bank, National Association with 2.00% 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 $24,380. The interest earned would be $4,380 and the tax amount on the interest earned would be approximately $1,314.

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 JPMorgan Chase Bank, National Association

Savings Boost of
$2,271 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
JPMorgan Chase Bank, National Association Interest Earned $3,066

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

JPMorgan Chase Bank, National Association Scenario

Rate:
2.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 400 280
2 20,400 408 286
3 20,808 416 291
4 21,224 424 297
5 21,649 433 303
6 22,082 442 309
7 22,523 450 315
8 22,974 459 322
9 23,433 469 328
10 23,902 478 335
TOTAL: $4,380 $3,066

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
February 9, 2024 2.00%
October 3, 2023 3.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

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%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

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3 Month CD.

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6 Month Jumbo CD.



Customer Reviews for JPMorgan Chase Bank, National Association


  • January 2, 2023 |

    Terrible customer service by investment side. Fees too high , too full of themselves

  • September 7, 2021 |

    JP Morgan Chase coorporates with the new US government to freeze foreigner's bank account who are out of the State. JP Morgan Chase misuses the covid pandemic with travel and border restrictions to withhold foreigner's bank accounts who can't get back to the States anymore. They froze my account with 1500 US Dollars and withhold my money. And the best is that the financial regulators such as CFPB support them and ignore complaints.

  • April 20, 2019 |

    CDs 12 Month Rates

    Do not even ask about these rates. They will treat you like you are an idiot for asking about such rates.

  • March 18, 2019

    CDs 24 Month Rates

    You can not get this rate from your local Chase Bank. I called and was told that they could not qute me a rate on the phone so I drove to my local bank. The bank representative said the best rate they could provide was 2%. Whe I asked him to check with bestcashcow.com, he pulled it up and said there were never authorized to give out any rates above 3%.

  • December 8, 2016

    Credit score of 720


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