Compound Interest Calculator
CD 1-year Account from My e-Banc, a division of Bradesco BAC Florida Bank with 5.41% APY and $50,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from My e-Banc, a division of Bradesco BAC Florida Bank with 5.41% APY and $50,000 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 $33,873. The interest earned would be $13,873 and the tax amount on the interest earned would be approximately $4,162.

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 My e-Banc, a division of Bradesco BAC Florida Bank

Savings Boost of
$8,907 over 10 years
Cash Savings $20,000
Average Interest Earned $804

 
My e-Banc, a division of Bradesco BAC Florida Bank Interest Earned $9,711

 

 

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:
0.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 112 78
2 20,112 113 79
3 20,225 113 79
4 20,338 114 80
5 20,452 115 80
6 20,566 115 81
7 20,681 116 81
8 20,797 116 82
9 20,914 117 82
10 21,031 118 82
TOTAL: $1,149 $804

My e-Banc, a division of Bradesco BAC Florida Bank Scenario

Rate:
5.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,082 757
2 21,082 1,141 798
3 22,223 1,202 842
4 23,425 1,267 887
5 24,692 1,336 935
6 26,028 1,408 986
7 27,436 1,484 1,039
8 28,920 1,565 1,095
9 30,485 1,649 1,154
10 32,134 1,738 1,217
TOTAL: $13,873 $9,711

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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
March 12, 2024 5.41%
March 12, 2024 5.77%
March 12, 2024 5.41%


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Customer Reviews for My e-Banc, a division of Bradesco BAC Florida Bank (13)


  • September 22, 2023 |

    Online CDs 6 Month Rates

    Terrible bank. Terrible service. Not equipped to service customers outside Florida. Plays games with your taxes by issuing 1090s whenever. Really shouldn't be on this list or your radar. Avoid.

  • January 4, 2020 |

    Online CDs 12 Month Rates

    I am surprised at all the negative reviews. I have had several large CDs at this bank for several years, and I've gotten the best customer service I've ever gotten at any bank in the last 45 years.

  • December 10, 2019 |

    Online CDs 12 Month Rates

    I opened a CD here 13 months ago and expected you would return the money to the account from which funding came at maturity. You did not and I cannot get a straight answer. Please have a manager contact me at my number if your file.

  • May 3, 2019 |

    Online CDs 6 Month Rates

    I cannot find the rate or reach anyone at the bank. Found the bank's website. It seems entirely geared to helping clients move money from Latin America to the US. I will pass.

  • April 17, 2018 | | Replies 1

    Online CDs 12 Month Rates

    I am attracted to the rate, but will hold off based on prior experience. Agree with Fitzsimmons. I had an account there several years ago, and found it to be a phone account. Not an online account and not a branch account.

    Harvey | Apr 17, 2018

    I wanted to update this. These guys cannot even put their correct rates on their website. I would just say that they have operational inefficiencies as far as online is concerned. It is a phone account.


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