Compound Interest Calculator
CD 18-month Account from Prime Alliance Bank with 3.95% APY and $500 minimum deposit
Use or Change These Amounts and Rates
The product CD 18-month Account from Prime Alliance Bank with 3.95% APY and $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 $29,463. The interest earned would be $9,463 and the tax amount on the interest earned would be approximately $2,839.
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 Prime Alliance Bank
Savings Boost of
$6,293 over 10 years
$6,293 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Prime Alliance Bank Interest Earned
$6,624
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 |
Prime Alliance Bank Scenario
| Rate: 3.95% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 790 | 553 |
| 2 | 20,790 | 821 | 575 |
| 3 | 21,611 | 854 | 598 |
| 4 | 22,465 | 887 | 621 |
| 5 | 23,352 | 922 | 646 |
| 6 | 24,275 | 959 | 671 |
| 7 | 25,233 | 997 | 698 |
| 8 | 26,230 | 1,036 | 725 |
| 9 | 27,266 | 1,077 | 754 |
| 10 | 28,343 | 1,120 | 784 |
| TOTAL: | $9,463 | $6,624 |
Get rate alerts on the go. Download our BestCashCow App.
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 19, 2026 | 3.95% |
| December 12, 2025 | 3.80% |
| November 12, 2025 | 4.00% |
| October 1, 2025 | 4.11% |
| June 24, 2025 | 4.20% |
| March 21, 2025 | 4.00% |
| November 21, 2024 | 4.15% |
| September 27, 2024 | 4.25% |
| September 18, 2024 | 4.50% |
| February 9, 2024 | 4.75% |
| January 12, 2024 | 5.00% |
| November 10, 2023 | 5.25% |
| October 6, 2023 | 5.55% |
| August 20, 2023 | 4.97% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Take your savings to the next level with our 12-month online CD special! 12-Month |
||||
|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.45% on April 27. |
||||
|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.43% on April 27. |
||||
|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑0.65% on August 6. |
||||
|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
||||
Customer Reviews for Prime Alliance Bank (11)
3.8 out of 5 based on 10 ratings
JBaker65
May 6, 2023 |
Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market.
Is this review helpful? Yes:1 / No: 0
HappyPrimeAllianceCustomer
September 20, 2022 |
Prime Alliance Bank has a single branch (outside Salt Lake City) and does an excellent job with distance banking (we are based in Washington state). It stands out in several ways: (1) Interfacing with the bank is a dream come true. A live human being actually answers the phone (no queue line) and that person can usually handle the issue. (2) Another amazing standout feature is the speed at which they agreed to prepare a Bank Verification Letter that Amex was requiring when I opened took out a an Amex card. (3) As far as the account itself goes, Prime Alliance grants check writing privileges and allows joint (to include JTWROS) accounts, with a POD (Pay on Death) option (it is surprising how some of the high interest paying banks do not permit joint accounts or do not allow the Pay on Death feature. (4) Best feature of all: ACH transfers to my other bank accounts arrive THE NEXT DAY (submit request before 5pm MST). Never had a bank so fast on these. I am used to these taking 2 to 3 business days, often 3. Online interface is excellent. My sole regret is not dumping the major name brand bank I was using years earlier.
Is this review helpful? Yes:3 / No: 0
JaySN
December 6, 2021 |
Works fine, but I wish interest were credited monthly and not quarterly.
Is this review helpful? Yes:4 / No: 0
StuartC03
November 15, 2021 |
Great rate and never a problem.
Is this review helpful? Yes:0 / No: 0
John218632
October 1, 2021 | | Replies 1
I opened the account, having seen it listed on this site or on ratesandinfo.com after they raised their rate. I have not been disappointed but I have not needed to reach customer service. I did notice that interest is only credited quarterly and that means you will lose accrued interest in you close it on a day other than Jan 1, April 1, July 1 or October 1.
Is this review helpful? Yes:2 / No: 1
jennilou23 | Apr 4, 2022
You will not lose interest if closed before the next interest posting
Add Your Review
or use your Google account
or use your BestCashCow account