Compound Interest Calculator
Savings Account from North American Savings Bank with 5.30% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from North American Savings Bank with 5.30% APY and $10,000 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 $33,521. The interest earned would be $13,521 and the tax amount on the interest earned would be approximately $4,056.

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
$9,152 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
North American Savings Bank Interest Earned $9,465

 

 

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:
0.22%
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

North American Savings Bank Scenario

Rate:
5.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,060 742
2 21,060 1,116 781
3 22,176 1,175 823
4 23,352 1,238 866
5 24,589 1,303 912
6 25,892 1,372 961
7 27,265 1,445 1,012
8 28,710 1,522 1,065
9 30,231 1,602 1,122
10 31,834 1,687 1,181
TOTAL: $13,521 $9,465

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
June 21, 2024 5.30%
June 7, 2024 5.10%


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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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