Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.
Certificate of Deposit Rates Chicago. This account is or individuals who want a high fixed rate of return over a specified period of time. $2,500 minimum balance required to open; Competitive fixed rate of return; Variety of terms 90 days to 60 months; Monthly interest checks are available or funds may be transferred to any Lakeside Bank account. When the first CD matures after one year, put it into a longer-term CD (in this case, a 4-year term). When the second one matures, do the same (again, for our example, a 4-year term), and the same for the third. Now your CD ladder is built, with longer terms that typically mean higher CD rates. Each year, one of your four CDs will mature, so. Choose from a wide range of CDs with various maturities and interest rates. Interest can be compounded or transferred to another Republic checking or savings account; Minimum deposit of at least $1,000; A penalty will be imposed for early withdrawal. Fees may reduce earnings. Using your CD as collateral for a WSB loan. West Suburban Bank offers a full range of Certificates of Deposit with maturities to fit all your financial needs. Ask a personal banker today about our Certificates of Deposit. We're sure we'll increase your interest. Click here for rates. A safe, guaranteed return on your investment makes our CDs a great option to help you save for the future. Variable opening amounts; Interest Rate: Based on term – Click here to call for current rates. Interest Paid: At maturity on less than 12 months term; quarterly for terms of 12 months or more.
The Results for TCF National Bank
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.
Average Rate Scenario
| Rate: 0.10% | Annual Interest | Annual Interest (After Tax) | |
|---|---|---|---|
| 1 | 20,000 | 20 | 14 |
| 2 | 20,020 | 20 | 14 |
| 3 | 20,040 | 20 | 14 |
| 4 | 20,060 | 20 | 14 |
| 5 | 20,080 | 20 | 14 |
| 6 | 20,100 | 20 | 14 |
| 7 | 20,120 | 20 | 14 |
| 8 | 20,140 | 20 | 14 |
| 9 | 20,161 | 20 | 14 |
| 10 | 20,181 | 20 | 14 |
| TOTAL: | $201 | $141 |
Tcf Bank Cd Rates Today
TCF National Bank Scenario
| Rate: 0.50% | Annual Interest | Annual Interest (After Tax) | |
|---|---|---|---|
| 1 | 20,000 | 100 | 70 |
| 2 | 20,100 | 101 | 70 |
| 3 | 20,201 | 101 | 71 |
| 4 | 20,302 | 102 | 71 |
| 5 | 20,403 | 102 | 71 |
| 6 | 20,505 | 103 | 72 |
| 7 | 20,608 | 103 | 72 |
| 8 | 20,711 | 104 | 72 |
| 9 | 20,814 | 104 | 73 |
| 10 | 20,918 | 105 | 73 |
| TOTAL: | $1,023 | $716 |
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.