Compound Interest Calculator
CD 1-year Account from WebBank with 4.26% APY and $2,500 minimum deposit
Use or Change These Amounts and Rates
The product CD 1-year Account from WebBank with 4.26% APY and $2,500 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 $30,353. The interest earned would be $10,353 and the tax amount on the interest earned would be approximately $3,106.
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 WebBank
Savings Boost of
$6,454 over 10 years
$6,454 over 10 years
Cash Savings
$20,000
Average Interest Earned
$794
WebBank Interest Earned
$7,247
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 | 111 | 77 |
| 2 | 20,111 | 111 | 78 |
| 3 | 20,222 | 112 | 78 |
| 4 | 20,334 | 112 | 79 |
| 5 | 20,446 | 113 | 79 |
| 6 | 20,559 | 114 | 80 |
| 7 | 20,673 | 114 | 80 |
| 8 | 20,787 | 115 | 80 |
| 9 | 20,902 | 116 | 81 |
| 10 | 21,018 | 116 | 81 |
| TOTAL: | $1,134 | $794 |
WebBank Scenario
| Rate: 4.26% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 852 | 596 |
| 2 | 20,852 | 888 | 622 |
| 3 | 21,740 | 926 | 648 |
| 4 | 22,666 | 966 | 676 |
| 5 | 23,632 | 1,007 | 705 |
| 6 | 24,639 | 1,050 | 735 |
| 7 | 25,688 | 1,094 | 766 |
| 8 | 26,783 | 1,141 | 799 |
| 9 | 27,924 | 1,190 | 833 |
| 10 | 29,113 | 1,240 | 868 |
| TOTAL: | $10,353 | $7,247 |
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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 |
|---|---|
| September 25, 2026 | 4.26% |
| September 23, 2026 | 3.96% |
| November 12, 2025 | 3.76% |
| April 16, 2025 | 3.50% |
| August 19, 2023 | 1.10% |
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
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|
|
4.85% |
$500 |
Learn More | |
|
Last change: ↑0.81% on April 27. |
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|
|
4.85% |
$500 |
Learn More | |
|
Last change: ↑0.80% on April 27. |
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|
|
4.85% |
$500 |
Learn More | |
|
Last change: ↑0.78% on April 27. |
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Customer Reviews for WebBank
1.0 out of 5 based on 2 ratings
[email protected]
August 13, 2019 |
I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one business day. I have yet to ever hear from them. Very unprofessional way of doing business.
Is this review helpful? Yes:0 / No: 0
Rebecca Scavino
June 3, 2019 |
These jackasses charge $25 for an outgoing ACH transfer. Bankrate failed to disclose this (I saw it advertised there before it was listed on BestCashCow). This isn't an online bank as advertised and neither one of them should be showing it. Webbank is scam.
Is this review helpful? Yes:0 / No: 0
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