Compound Interest Calculator
CD 5-year Account from CITY & COUNTY with 1.26% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from CITY & COUNTY with 1.26% APY and $1,000 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 $22,668. The interest earned would be $2,668 and the tax amount on the interest earned would be approximately $800.

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

The Results for CITY & COUNTY

Savings Boost of
$534 over 10 years
Cash Savings $20,000
Average Interest Earned $1,334

 
CITY & COUNTY Interest Earned $1,867

 

 

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:
0.91%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 184 129
3 20,367 186 130
4 20,553 188 132
5 20,741 190 133
6 20,931 191 134
7 21,122 193 135
8 21,315 195 136
9 21,510 197 138
10 21,707 198 139
TOTAL: $1,905 $1,334

CITY & COUNTY Scenario

Rate:
1.26%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 252 176
2 20,252 255 179
3 20,507 258 181
4 20,766 262 183
5 21,027 265 185
6 21,292 268 188
7 21,560 272 190
8 21,832 275 193
9 22,107 279 195
10 22,386 282 197
TOTAL: $2,668 $1,867

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.
6 Month Jumbo CD.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↑0.25% on November 25.



Customer Reviews for City & County


  • March 13, 2019 |

    I am not a member of this credit union, but I am currently holding an account there as the personal rep of my sister's estate. She was a member there, a recent County retiree. I am writing on her behalf.

    The credit union was firm about its rules but also generous when she asked for a home improvement loan. They worked with her and got her the best rate she could get, I believe, given the state of her house, her retirement, and savings history. I have met these employees and I find them to be good people who were extremely helpful to me as I worked with them to set up an estate account and to pay off the house loan. They also helped me to access a safe deposit box under conditions when other institutions might not have been so helpful.

    Their phone reps know me and can route me to the right person to answer questions and they can do routine banking tasks for me. Many other staff now recognize me as well.

    I was delighted to receive a debit card attached to the estate account. This has given me freedom to make payments out the account for my estate work without hauling around lots of paper material and it has helped me keep track of estate business. Monthly statements are nicely laid out.

    I have worked with employees at the downtown office and at the Maplewood office as well as the phone persons. I have not yet encountered anyone who was not very helpful.

    The downtown employees worked gently with me to assemble my proper credentials for accessing my sister's assets, which is not an easy process, I learned. The Maplewood auto loan specialist spent some time helping me put a value on estate items. Others there helped me understand the house loan, an IRA asset, and my options for moving living person assets into the estate. They were all patient with me, in my grief, when I had to have repeated explanations to take it all in.

    I would give another star if the CD rates were higher--I am keeping to my own CU because the rates are a bit higher. I suspect, though, that this CU serves its target population of city and county employees well and helps them with all sorts of banking issues as well as routine services. I would like to add that there is an interesting mix of ethnicities and backgrounds reflected in the staff. Here's a shout-out to Bibi and her squad in particular.


Add Your Review


or use your BestCashCow account

or