The product CD 4-year Account from QUORUM with 3.25% APY and $1,000 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 $27,538. The interest earned would be $7,538 and the tax amount on the interest earned would be approximately $2,261.
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: 0.82% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 164 | 115 |
| 2 | 20,164 | 165 | 116 |
| 3 | 20,329 | 166 | 117 |
| 4 | 20,495 | 168 | 118 |
| 5 | 20,663 | 169 | 118 |
| 6 | 20,833 | 171 | 119 |
| 7 | 21,003 | 172 | 120 |
| 8 | 21,175 | 173 | 121 |
| 9 | 21,349 | 175 | 122 |
| 10 | 21,523 | 176 | 123 |
| TOTAL: | $1,700 | $1,190 |
| Rate: 3.25% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 650 | 455 |
| 2 | 20,650 | 671 | 470 |
| 3 | 21,321 | 693 | 485 |
| 4 | 22,014 | 715 | 501 |
| 5 | 22,730 | 739 | 517 |
| 6 | 23,468 | 763 | 534 |
| 7 | 24,231 | 788 | 551 |
| 8 | 25,018 | 813 | 569 |
| 9 | 25,832 | 840 | 588 |
| 10 | 26,671 | 867 | 607 |
| TOTAL: | $7,538 | $5,277 |
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 |
|---|---|
| December 5, 2025 | 3.25% |
| September 18, 2025 | 4.00% |
| October 20, 2023 | 48.00% |
| October 18, 2023 | 2.75% |
| September 26, 2023 | 3.75% |
| August 20, 2023 | 2.85% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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|
|
4.20% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on December 7. |
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|
|
4.10% |
$25,000 |
Learn More | |
|
Last change: ↓0.15% on November 26. |
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|
|
4.10% |
$500 |
Learn More | |
|
Last change: ↓0.10% on September 17. |
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|
|
4.10% |
$1,500 |
Learn More | |
|
Last change: ↓0.05% on December 8. |
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Customer Reviews for Quorum
greg hunter
September 18, 2025
Great service and efficient communication for a business LOC. Jen Hardie went way above and beyond!
Is this review helpful? Yes:0 / No: 0
Sharon
September 20, 2023 |
Have been a member for 15 years and love everything about them: have a HighQ account, and QClassic checking and had a mortgage with them, too.
Is this review helpful? Yes:0 / No: 0
Gord Randolph
August 19, 2018 |
Opened a high yield savings account that I regretted the moment I tried to make a withdrawal. Received a message to contact them. While I attempted to call on four separate occasions I could not speak to a human due to long wait times. When I finally got to speak to a person they asked me "what do I plan on doing with my money?" Really? This is none of their business! The whole process made me lose days of interest at a higher yield. Do not use this company.
Is this review helpful? Yes:1 / No: 0
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