Compound Interest Calculator
CD 1-year Account from North American Savings Bank with 5.35% APY and $5,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from North American Savings Bank with 5.35% 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 $33,680. The interest earned would be $13,680 and the tax amount on the interest earned would be approximately $4,104.

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
$8,772 over 10 years
Cash Savings $20,000
Average Interest Earned $804

 
North American Savings Bank Interest Earned $9,576

 

 

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

North American Savings Bank Scenario

Rate:
5.35%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,070 749
2 21,070 1,127 789
3 22,197 1,188 831
4 23,385 1,251 876
5 24,636 1,318 923
6 25,954 1,389 972
7 27,342 1,463 1,024
8 28,805 1,541 1,079
9 30,346 1,624 1,136
10 31,970 1,710 1,197
TOTAL: $13,680 $9,576

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
November 24, 2023 5.50%


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Advertiser Disclosure
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Customer Reviews for North American Savings Bank


  • February 15, 2024 |

    Savings Rates

    I have always had great experiences with short-term CDs from this bank. No delays.

  • February 10, 2023 |

    Savings Rates

    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.

  • January 9, 2023

    Online CDs 12 Month Rates

    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.


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