Compound Interest Calculator
CD 6-month Account from Rising Bank, a division of Midwest BankCentre with 4.00% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from Rising Bank, a division of Midwest BankCentre with 4.00% 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 $29,605. The interest earned would be $9,605 and the tax amount on the interest earned would be approximately $2,881.

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 Rising Bank, a division of Midwest BankCentre

Savings Boost of
$6,405 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Rising Bank, a division of Midwest BankCentre Interest Earned $6,723

 

 

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 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Rising Bank, a division of Midwest BankCentre Scenario

Rate:
4.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 800 560
2 20,800 832 582
3 21,632 865 606
4 22,497 900 630
5 23,397 936 655
6 24,333 973 681
7 25,306 1,012 709
8 26,319 1,053 737
9 27,371 1,095 766
10 28,466 1,139 797
TOTAL: $9,605 $6,723

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
September 22, 2024 4.00%
September 13, 2024 4.25%
August 7, 2024 4.50%
August 7, 2024 4.85%
April 15, 2024 5.31%
March 26, 2024 5.25%
February 23, 2024 5.20%
December 15, 2023 5.15%
December 1, 2023 5.25%
October 13, 2023 5.35%
August 20, 2023 5.25%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Rising Bank, a division of Midwest BankCentre


  • August 26, 2022

    Online Savings Rates

    Too slow to raise rates.

  • May 19, 2022 |

    Online CDs 12 Month Rates

    I am singing the blues with Rising. I had opened about 8 months ago when they were a rate leader at 0.60%. Now they are at 0.65% and everyone is much higher and I cannot seems to get my cash out fast enough.

  • August 13, 2021 |

    Online Savings Rates

    Very pleased with the no penalty cd which locks in a rate for 15 months and is always .10% above the savings rate.

  • June 25, 2020

    Online CDs 12 Month Rates

    I can tell you nothing of this bank. I can tell you the rate posted here is incorrect (FIFTH one today!) I only wish I could review BestCashCow.

  • June 28, 2019 |

    Online CDs 12 Month Rates

    I called and was told that the early withdrawal penalties are only 90 days on a 1-year CD and 180 days on anything longer. That seems more reasonable that the other penalties I see in this table. Is there any bank offering still lower early penalties in case I need the money in an emergency?


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