The product CD 6-month Account from Central Bank of The Ozarks with 0.75% APY and $100,000 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 $21,552. The interest earned would be $1,552 and the tax amount on the interest earned would be approximately $465.
Please note that this product is available in Missouri and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
Our records indicate that this institution has been acquired by The Central Trust 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.
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 32 |
| 2 | 20,045 | 45 | 32 |
| 3 | 20,091 | 45 | 32 |
| 4 | 20,136 | 46 | 32 |
| 5 | 20,181 | 46 | 32 |
| 6 | 20,227 | 46 | 32 |
| 7 | 20,273 | 46 | 32 |
| 8 | 20,319 | 46 | 32 |
| 9 | 20,364 | 46 | 32 |
| 10 | 20,410 | 46 | 32 |
| TOTAL: | $457 | $320 |
| 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 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.60% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.55% |
$50,000 |
Learn More | |
|
Last change: ↓0.10% on February 9. |
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|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.51% |
$25,000 |
Learn More | |
|
Last change: ↓0.10% on February 17. |
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|
|
4.50% |
$25,000 |
Learn More | |
|
Last change: ↓0.85% on August 7, 2024. |
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Customer Reviews for Central Bank of The Ozarks
tom.whitney@furniturerow.,com
December 22, 2016
My mother passed away in August, 2016. I was designated as her trustee and had to set up two accounts. One of the accounts was for my sister and I was named the trustee. I went to my branch of Central Bank of the Ozarks in Nixa and met with a young lady to set these accounts up. I had never been involved in this type of thing before and had no clue about everything that was needed to set these accounts up. Alison Doran spent the time necessary with me and walked me through each step on the various accounts. This was a difficult time for myself and my family and she took the time with me and demonstrated more compassion for our family than both my lawyer or any of the insurance companies had. I have had several questions and needed direction from her since opening the accounts and she is always eager to help me. She is a good balance of professionalism and caring customer service. I am a Regional Manager of a furniture company and deal with customers on a daily basis so I am very aware of what it takes to handle customer issues and follow through to satisfy my customers. I was so pleased with Alison's efforts that I actually tried to recruit her to my company as a Store Manager Trainee. She made sure that I knew that she loved her employer and is looking forward to her career with Central Bank. I have shared my positive experiences with my staff and will continue to refer your bank and especiall Alison Doran to anyone who asks.
Thanks again Alison.
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