Your current location is: New York City, NY
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
3.95% | $500 | Compare |
Money that you deposit is held by Burke & Herbert Bank & Trust Company. Burke & Herbert Bank & Trust Company is an FDIC insured institution founded in 1852. It has approximately $8.04 billion in assets.
| FDIC Insured | Yes |
| Insured Parent Bank | Burke & Herbert Bank & Trust Company |
| FDIC Certificate | # 11578 |
| Date Established | 1852 |
| Assets | $8.04 billion |
| Loans | $5.52 billion |
| Deposits | $6.40 billion |
| Capital | $0.88 billion |
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis."
Tax Rate: 30%
All calculations are for demonstration purposes only."
| Year | Rate 3.95% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,975 | 1,383 |
| 2 | 51,975 | 2,053 | 1,437 |
| 3 | 54,028 | 2,134 | 1,494 |
| 4 | 56,162 | 2,218 | 1,553 |
| 5 | 58,381 | 2,306 | 1,614 |
| 6 | 60,687 | 2,397 | 1,678 |
| 7 | 63,084 | 2,492 | 1,744 |
| 8 | 65,575 | 2,590 | 1,813 |
| 9 | 68,166 | 2,693 | 1,885 |
| 10 | 70,858 | 2,799 | 1,959 |
| 11 | 73,657 | 2,909 | 2,037 |
| 12 | 76,567 | 3,024 | 2,117 |
| 13 | 79,591 | 3,144 | 2,201 |
| 14 | 82,735 | 3,268 | 2,288 |
| 15 | 86,003 | 3,397 | 2,378 |
| 16 | 89,400 | 3,531 | 2,472 |
| 17 | 92,931 | 3,671 | 2,570 |
| 18 | 96,602 | 3,816 | 2,671 |
| 19 | 100,418 | 3,967 | 2,777 |
| 20 | 104,384 | 4,123 | 2,886 |
| TOTAL | $58,508 | $40,955 |
| Year | Rate 4.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,000 | 1,400 |
| 2 | 52,000 | 2,080 | 1,456 |
| 3 | 54,080 | 2,163 | 1,514 |
| 4 | 56,243 | 2,250 | 1,575 |
| 5 | 58,493 | 2,340 | 1,638 |
| 6 | 60,833 | 2,433 | 1,703 |
| 7 | 63,266 | 2,531 | 1,771 |
| 8 | 65,797 | 2,632 | 1,842 |
| 9 | 68,428 | 2,737 | 1,916 |
| 10 | 71,166 | 2,847 | 1,993 |
| 11 | 74,012 | 2,960 | 2,072 |
| 12 | 76,973 | 3,079 | 2,155 |
| 13 | 80,052 | 3,202 | 2,241 |
| 14 | 83,254 | 3,330 | 2,331 |
| 15 | 86,584 | 3,463 | 2,424 |
| 16 | 90,047 | 3,602 | 2,521 |
| 17 | 93,649 | 3,746 | 2,622 |
| 18 | 97,395 | 3,896 | 2,727 |
| 19 | 101,291 | 4,052 | 2,836 |
| 20 | 105,342 | 4,214 | 2,950 |
| TOTAL | $59,556 | $41,689 |
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