The product CD 18-month Account from Raymond James Bank with 3.60% 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 $28,486. The interest earned would be $8,486 and the tax amount on the interest earned would be approximately $2,546.
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: 0.22% |
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 |
| Rate: 3.60% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 720 | 504 |
| 2 | 20,720 | 746 | 522 |
| 3 | 21,466 | 773 | 541 |
| 4 | 22,239 | 801 | 560 |
| 5 | 23,039 | 829 | 581 |
| 6 | 23,869 | 859 | 601 |
| 7 | 24,728 | 890 | 623 |
| 8 | 25,618 | 922 | 646 |
| 9 | 26,540 | 955 | 669 |
| 10 | 27,496 | 990 | 693 |
| TOTAL: | $8,486 | $5,940 |
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 |
|---|---|
| October 29, 2025 | 3.60% |
| January 6, 2025 | 4.05% |
| December 30, 2024 | 4.10% |
| December 23, 2024 | 4.00% |
| December 16, 2024 | 4.10% |
| December 2, 2024 | 4.20% |
| November 25, 2024 | 4.30% |
| November 18, 2024 | 4.15% |
| November 4, 2024 | 4.10% |
| September 22, 2024 | 3.90% |
| August 28, 2024 | 4.15% |
| August 2, 2024 | 4.60% |
| March 19, 2024 | 5.10% |
| March 14, 2024 | 5.05% |
| March 5, 2024 | 5.10% |
| February 23, 2024 | 5.05% |
| February 20, 2024 | 4.90% |
| February 9, 2024 | 4.80% |
| February 6, 2024 | 4.70% |
| February 2, 2024 | 5.05% |
| January 26, 2024 | 4.70% |
| January 19, 2024 | 4.55% |
| January 16, 2024 | 4.63% |
| January 9, 2024 | 4.50% |
| December 26, 2023 | 4.75% |
| December 12, 2023 | 5.13% |
| December 5, 2023 | 5.25% |
| November 28, 2023 | 4.08% |
| November 21, 2023 | 4.35% |
| November 14, 2023 | 4.38% |
| October 31, 2023 | 4.45% |
| October 13, 2023 | 4.40% |
| October 6, 2023 | 4.45% |
| October 3, 2023 | 4.43% |
| September 26, 2023 | 4.40% |
| September 15, 2023 | 4.35% |
| September 12, 2023 | 4.23% |
| September 5, 2023 | 4.25% |
| August 30, 2023 | 4.30% |
| August 19, 2023 | 4.20% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% |
$1,000 |
Learn More | |
|
Last change: ↑2.35% on September 16. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑1.66% on April 4. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑0.66% on February 4. |
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|
|
4.30% |
$50,000 |
Learn More | |
|
Last change: ↓0.15% on September 23. |
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|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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