Compound Interest Calculator
CD 13-month Account from North American Savings Bank with 4.50% APY and $5,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 13-month Account from North American Savings Bank with 4.50% APY and $5,000 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 $31,059. The interest earned would be $11,059 and the tax amount on the interest earned would be approximately $3,318.
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 North American Savings Bank
Savings Boost of
$7,411 over 10 years
$7,411 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
North American Savings Bank Interest Earned
$7,742
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: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
North American Savings Bank Scenario
| Rate: 4.50% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 900 | 630 |
| 2 | 20,900 | 941 | 658 |
| 3 | 21,841 | 983 | 688 |
| 4 | 22,823 | 1,027 | 719 |
| 5 | 23,850 | 1,073 | 751 |
| 6 | 24,924 | 1,122 | 785 |
| 7 | 26,045 | 1,172 | 820 |
| 8 | 27,217 | 1,225 | 857 |
| 9 | 28,442 | 1,280 | 896 |
| 10 | 29,722 | 1,337 | 936 |
| TOTAL: | $11,059 | $7,742 |
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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 |
|---|---|
| September 25, 2026 | 4.50% |
| August 31, 2026 | 4.00% |
| March 24, 2026 | 3.75% |
| September 3, 2025 | 3.50% |
| June 25, 2025 | 4.20% |
| March 18, 2025 | 4.40% |
| July 19, 2024 | 5.15% |
| June 21, 2024 | 5.35% |
| February 6, 2024 | 5.25% |
| January 20, 2024 | 4.80% |
| December 15, 2023 | 4.90% |
| December 12, 2023 | 5.35% |
| August 20, 2023 | 5.23% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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|
Take your savings to the next level with our 12-month online CD special! 12-Month |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.45% on October 1. |
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|
|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.35% on October 1. |
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|
|
4.80% |
$10,000 |
Learn More | |
|
Last change: ↑0.30% on October 1. |
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|
|
4.65% |
$1,000 |
Learn More | |
|
Last change: ↑0.35% on September 25. |
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Customer Reviews for North American Savings Bank
5.0 out of 5 based on 2 ratings
A Terkowitz
February 15, 2024 |
I have always had great experiences with short-term CDs from this bank. No delays.
Is this review helpful? Yes:0 / No: 0
JC
February 10, 2023 |
Just received an email saying their rate is now 4.39% APY. NASB has been raising their rates ahead of all other online banks I have.
Is this review helpful? Yes:1 / No: 0
brad
January 9, 2023
I apply for CD but got turned down due to inaccurate information. I called them and they said to use a different email address. The application did not work at all. It is not easy to open an application at that bank Comparing other banks is much smoother.
Is this review helpful? Yes:0 / No: 0
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