Compound Interest Calculator
CD 5-year Account from Community Partners Savings Bank with 0.82% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Community Partners Savings Bank with 0.82% 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 $21,702. The interest earned would be $1,702 and the tax amount on the interest earned would be approximately $511.

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

The Results for Community Partners Savings Bank

Savings Boost of
$-144 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
Community Partners Savings Bank Interest Earned $1,191

 

 

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:
0.92%
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

Community Partners Savings Bank Scenario

Rate:
0.82%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 164 115
2 20,164 165 116
3 20,329 167 117
4 20,496 168 118
5 20,664 169 119
6 20,834 171 120
7 21,004 172 121
8 21,177 174 122
9 21,350 175 123
10 21,525 177 124
TOTAL: $1,702 $1,191

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: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.



Customer Reviews for Community Partners Savings Bank


  • August 31, 2021 |

    Community Partners Savings Bank aka Marion County Savings are dishonest, incompetent, deceitful and they break the FCRA laws. They lie and trick you to get as much money as they can out of you, greedy for gain, then when you wake up to it all and leave them and refuse to do business with them again, they do everything they can to try to make you look bad including reporting inaccurate information on your credit bureau well past the FCRA allowed time limit of seven years!! Do not use them, there are many other banks to choose from who have integrity, are honest, ethical, moral and upstanding. Avoid this bank!!!! The CFPB and IL Attorney General as well as the bank regulators have all kinds of complaints on them, just go on their website and read or give them a call, these are public records for anyone to read.

  • August 8, 2021 |

    Avoid them!


Add Your Review


or use your BestCashCow account

or