Compound Interest Calculator
CD 2-year Account from Bank of the Pacific with 0.25% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from Bank of the Pacific with 0.25% APY and $10,000 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 $20,506. The interest earned would be $506 and the tax amount on the interest earned would be approximately $152.

Please note that this product is available in Oregon and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Bank of the Pacific

Savings Boost of
$-594 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
Bank of the Pacific Interest Earned $354

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

Bank of the Pacific Scenario

Rate:
0.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 50 35
2 20,050 50 35
3 20,100 50 35
4 20,150 50 35
5 20,201 51 35
6 20,251 51 35
7 20,302 51 36
8 20,353 51 36
9 20,404 51 36
10 20,455 51 36
TOTAL: $506 $354

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.



Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
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Last change: ↓0.10% on October 1.



Customer Reviews for Bank of the Pacific


  • November 17, 2020 |

    The monthly statement did not reach by the time I’m use to send my auto loan payment, which by the way has been always at least 15 days prior to due date.. Then I call to notify that and they took my payment over the phone. Surprisingly, when I saw the confirmation sent to me by email I was charged $10 for the payment made over the phone..... shameful !!!

  • November 17, 2020 |

    The monthly statement did not reach by the time I’m use to send my auto loan payment, which by the way has been always at least 15 days prior to due date.. Then I call to notify that and they took my payment over the phone. Surprisingly, when I saw the confirmation sent to me by email I was charged $10 for the payment made over the phone..... shameful !!!

  • November 17, 2020 |

    Samantha Talley reply to a request to refinance an auto loan, was to say the least, shameful. This bank does not deserve any business, even less from high credit rating clients. #shameonyou


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