Compound Interest Calculator
CD 1-year Account from Seattle Bank with 3.75% APY and $1,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 1-year Account from Seattle Bank with 3.75% 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 $28,901. The interest earned would be $8,901 and the tax amount on the interest earned would be approximately $2,670.
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 Seattle Bank
Savings Boost of
$5,443 over 10 years
$5,443 over 10 years
Cash Savings
$20,000
Average Interest Earned
$788
Seattle Bank Interest Earned
$6,231
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: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 110 | 77 |
| 2 | 20,110 | 110 | 77 |
| 3 | 20,220 | 111 | 78 |
| 4 | 20,331 | 112 | 78 |
| 5 | 20,443 | 112 | 79 |
| 6 | 20,555 | 113 | 79 |
| 7 | 20,668 | 113 | 79 |
| 8 | 20,781 | 114 | 80 |
| 9 | 20,895 | 115 | 80 |
| 10 | 21,010 | 115 | 81 |
| TOTAL: | $1,126 | $788 |
Seattle Bank Scenario
| Rate: 3.75% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 750 | 525 |
| 2 | 20,750 | 778 | 545 |
| 3 | 21,528 | 807 | 565 |
| 4 | 22,335 | 838 | 586 |
| 5 | 23,173 | 869 | 608 |
| 6 | 24,042 | 902 | 631 |
| 7 | 24,944 | 935 | 655 |
| 8 | 25,879 | 970 | 679 |
| 9 | 26,849 | 1,007 | 705 |
| 10 | 27,856 | 1,045 | 731 |
| TOTAL: | $8,901 | $6,231 |
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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 |
|---|---|
| August 31, 2026 | 3.75% |
| September 18, 2025 | 4.00% |
| January 25, 2025 | 4.10% |
| October 29, 2024 | 4.30% |
| August 16, 2024 | 4.55% |
| August 7, 2024 | 5.00% |
| August 7, 2024 | 5.00% |
| September 26, 2023 | 5.25% |
| August 20, 2023 | 5.00% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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Take your savings to the next level with our 12-month online CD special! 12-Month |
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4.65% |
$1,000 |
Learn More | |
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Last change: ↑0.35% on September 25. |
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4.50% |
$500 |
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Last change: ↑0.45% on April 27. |
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4.50% |
$500 |
Learn More | |
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Last change: ↑0.43% on April 27. |
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|
4.50% |
$2,500 |
Learn More | |
|
Last change: ↑0.10% on September 25. |
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Customer Reviews for Seattle Bank
1.0 out of 5 based on 2 ratings
Rob H.
November 21, 2023 |
A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in under 5 minutes total! Go to limelight bank instead!
Is this review helpful? Yes:2 / No: 0
Jeff in Seattle
November 16, 2023 |
Be warned, this is not a conventional online bank. That means there will be a delay in funding your account. It also means that at maturity they will not immediately transfer your principal and interest bank to the funding account. Rather they will charge you helty snail mail or wire transfer fees (and there is no savings account that you could transfer your assets to in the interim. Long and short, your effective interest rate, even if held to maturity is much lower than advertised. You will also encounter poor customer service should you need it. As attractive as the 18-month and 24-month rates are at the moment, I would avoid, especially if I was not local to a branch in Seattle.
Is this review helpful? Yes:2 / No: 0
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