The product CD 5-year Account from Chippewa Valley Bank with 0.75% 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 $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 Wisconsin and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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: 0.92% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 183 | 128 |
| 2 | 20,183 | 185 | 129 |
| 3 | 20,368 | 186 | 130 |
| 4 | 20,554 | 188 | 132 |
| 5 | 20,742 | 190 | 133 |
| 6 | 20,932 | 192 | 134 |
| 7 | 21,123 | 193 | 135 |
| 8 | 21,317 | 195 | 137 |
| 9 | 21,512 | 197 | 138 |
| 10 | 21,709 | 199 | 139 |
| TOTAL: | $1,907 | $1,335 |
| 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? | ||
|---|---|---|---|---|
|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
||||
|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↓0.09% on December 7. |
||||
|
|
4.75% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on November 25. |
||||
|
|
4.70% |
$1,000 |
Learn More | |
|
Last change: ↑0.70% on December 7. |
||||
|
|
4.65% |
$1,500 |
Learn More | |
|
Last change: ↓0.05% on December 4. |
||||
Customer Reviews for Chippewa Valley Bank
KateyB
October 11, 2020 |
CVB is the worst for on-line banking. Required to change your password every 6 months or so - can't they implement security at this bank? And you won't get a notice to change your password, you just get locked out in one way or another. The last several times I've tried to sign on to my account, their system is "having technical difficulties." I cannot just close all my accounts there right now, but I cannot wait for the day when I can do just that.
Is this review helpful? Yes:0 / No: 0
Add Your Review
or use your BestCashCow account