Compound Interest Calculator
CD 3-year Account from United Bank with 1.85% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from United Bank with 1.85% 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 $24,024. The interest earned would be $4,024 and the tax amount on the interest earned would be approximately $1,207.

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 United Bank

Savings Boost of
$1,730 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
United Bank Interest Earned $2,817

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

United Bank Scenario

Rate:
1.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 370 259
2 20,370 377 264
3 20,747 384 269
4 21,131 391 274
5 21,522 398 279
6 21,920 406 284
7 22,325 413 289
8 22,738 421 294
9 23,159 428 300
10 23,587 436 305
TOTAL: $4,024 $2,817

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
December 7, 2023 1.85%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.05% on August 24.
Warning: Early withdrawal penalty equals six months of interest.

Last change: ↑0.85% on August 31.

Last change: ↓0.45% on May 13.
6 Month CD.

Last change: ↑4.00% on November 24, 2023.



Customer Reviews for United Bank


  • April 12, 2019 |

    United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. The worst part was that they did not send us the RMD on time as Merrill Edge had done for years. I did not catch this mistake until I was doing our taxes, and now we may owe the IRS a huge penalty.


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