The product CD 3-month Account from Merrick Bank with 4.10% 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 $29,891. The interest earned would be $9,891 and the tax amount on the interest earned would be approximately $2,967.
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: 0.22% |
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 |
| Rate: 4.10% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 820 | 574 |
| 2 | 20,820 | 854 | 598 |
| 3 | 21,674 | 889 | 622 |
| 4 | 22,562 | 925 | 648 |
| 5 | 23,487 | 963 | 674 |
| 6 | 24,450 | 1,002 | 702 |
| 7 | 25,453 | 1,044 | 730 |
| 8 | 26,496 | 1,086 | 760 |
| 9 | 27,583 | 1,131 | 792 |
| 10 | 28,714 | 1,177 | 824 |
| TOTAL: | $9,891 | $6,924 |
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 |
|---|---|
| September 19, 2025 | 4.10% |
| September 1, 2025 | 4.20% |
| August 18, 2025 | 4.35% |
| July 21, 2025 | 4.30% |
| July 14, 2025 | 4.40% |
| June 23, 2025 | 4.45% |
| June 2, 2025 | 4.40% |
| May 5, 2025 | 4.30% |
| April 28, 2025 | 4.25% |
| April 14, 2025 | 4.15% |
| April 4, 2025 | 4.25% |
| March 31, 2025 | 4.35% |
| March 24, 2025 | 4.40% |
| March 18, 2025 | 4.35% |
| February 24, 2025 | 4.40% |
| February 10, 2025 | 4.35% |
| January 13, 2025 | 4.25% |
| January 6, 2025 | 4.20% |
| December 23, 2024 | 4.35% |
| December 23, 2024 | 4.50% |
| December 2, 2024 | 4.60% |
| November 25, 2024 | 4.50% |
| November 17, 2024 | 4.55% |
| October 21, 2024 | 4.55% |
| October 14, 2024 | 4.45% |
| September 22, 2024 | 4.55% |
| September 13, 2024 | 5.00% |
| September 6, 2024 | 5.04% |
| September 2, 2024 | 5.00% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑1.66% on April 4. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑0.66% on February 4. |
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|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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|
|
4.20% |
$5,000 |
Learn More | |
|
Last change: ↓0.05% on October 7. |
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|
|
4.20% |
$1,500 |
Learn More | |
|
Last change: ↓0.10% on October 13. |
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Customer Reviews for Merrick Bank (3)
Frank M
July 3, 2023 |
A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one.
Is this review helpful? Yes:0 / No: 0
Al
April 12, 2021 | | Replies 1
Frustrating. The initial application form is a breeze. Then the problems start. Many hoops to jump through.
Is this review helpful? Yes:3 / No: 1
Senior Citizens -JSW | Oct 16, 2022
I tried to open CD on 10/14/22. No success. I believed that I was connected to someone else, not a bank. I will contact Police/FBI to make sure who got my all personal data.
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