Compound Interest Calculator
CD 1-year Account from First State Bank of Campbell Hill with 0.40% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from First State Bank of Campbell Hill with 0.40% APY and $500 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 $20,815. The interest earned would be $815 and the tax amount on the interest earned would be approximately $244.

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 First State Bank of Campbell Hill

Savings Boost of
$-222 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
First State Bank of Campbell Hill Interest Earned $570

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

First State Bank of Campbell Hill Scenario

Rate:
0.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 80 56
2 20,080 80 56
3 20,160 81 56
4 20,241 81 57
5 20,322 81 57
6 20,403 82 57
7 20,485 82 57
8 20,567 82 58
9 20,649 83 58
10 20,732 83 58
TOTAL: $815 $570

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.



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Customer Reviews for First State Bank of Campbell Hill


  • November 12, 2022 |

    This bank has changed from what it used to be some years ago.
    I used to have an account, got loans through them. Did all my banking through this establishment.
    They were a hometown proud financial institution.
    Now a day, they are mostly reliant on the fat cash of the Amish community that has settled in this rather large area of the south- western Illinois about 30 years or so.
    So my biggest complaint and let down was today. 11/11/2022. When I went to there drive up and asked them to cash a small check($33.86).
    I haven't had an account so refused to cash it. Their reason was that I didn't have an account there anymore and if the check didn't clear. They would be stuck holding the check.
    REALLY? through all the thousands of dollars I've given that place. There is no help for a long time born in the area ,"local?"
    This is just a warning. If you bank with them. Be prepared to be treated as a dollar with not a respectable customer or neighbor


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