The product CD 6-month Account from NATIONAL COOPERATIVE BANK, N.A. with 4.08% APY and $2,500 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 $29,833. The interest earned would be $9,833 and the tax amount on the interest earned would be approximately $2,950.
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 | 20,090 | 45 | 32 |
| 4 | 20,135 | 45 | 32 |
| 5 | 20,181 | 45 | 32 |
| 6 | 20,226 | 46 | 32 |
| 7 | 20,272 | 46 | 32 |
| 8 | 20,317 | 46 | 32 |
| 9 | 20,363 | 46 | 32 |
| 10 | 20,409 | 46 | 32 |
| TOTAL: | $455 | $318 |
| Rate: 4.08% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 816 | 571 |
| 2 | 20,816 | 849 | 595 |
| 3 | 21,665 | 884 | 619 |
| 4 | 22,549 | 920 | 644 |
| 5 | 23,469 | 958 | 670 |
| 6 | 24,427 | 997 | 698 |
| 7 | 25,423 | 1,037 | 726 |
| 8 | 26,461 | 1,080 | 756 |
| 9 | 27,540 | 1,124 | 787 |
| 10 | 28,664 | 1,169 | 819 |
| TOTAL: | $9,833 | $6,883 |
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 |
|---|---|
| June 9, 2025 | 4.08% |
| January 13, 2025 | 4.29% |
| October 7, 2024 | 4.30% |
| September 20, 2024 | 4.62% |
| August 21, 2024 | 5.02% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.51% |
$1,000 |
Learn More | |
|
Last change: ↑0.06% on June 24. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on January 18. |
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|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on April 9. |
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|
|
4.49% |
$1,000 |
Learn More | |
|
Last change: ↑0.34% on May 27. |
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Customer Reviews for National Cooperative Bank
JC
June 1, 2021 |
Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best.
Is this review helpful? Yes:7 / No: 0
JC
November 2, 2020 |
WARNING! I just opened a new account and at this time you CANNOT transfer or withdraw your funds via ACH through them. You may use an external bank's ACH to withdraw, however. No where on their website is this stated. I was told NCB is working to enable ACH transfers but no can do now. This is insane! Obviously NCB is not ready for prime time.
Is this review helpful? Yes:10 / No: 0
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