Compound Interest Calculator
CD 30-month Account from MINNCO with 0.70% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 30-month Account from MINNCO with 0.70% 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 $21,445. The interest earned would be $1,445 and the tax amount on the interest earned would be approximately $433.

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

The Results for MINNCO

Savings Boost of
$693 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
MINNCO Interest Earned $1,011

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

MINNCO Scenario

Rate:
0.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 140 98
2 20,140 141 99
3 20,281 142 99
4 20,423 143 100
5 20,566 144 101
6 20,710 145 101
7 20,855 146 102
8 21,001 147 103
9 21,148 148 104
10 21,296 149 104
TOTAL: $1,445 $1,011

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

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Customer Reviews for Minnco


  • October 27, 2021

    Incompetent and I am annoyed! I financed an ATV thru Minnco. A year into the loan. I started to receive threading letters to prove I had insurance. Which I had from Progressive since day 1. After 3 calls trying to send policy information….That wasn’t good enough. I saw on my account a charge for “their” insurance . I called an questioned why they didn’t get a hold of Progressive like they said they would. And I quote “ we have tried and tried and can not reach anyone at Progressive” I am completely enraged. I called Progressive within 3 minutes!! I had merged Minnco and Progressive on the phone!! There was simple digits errors on the vin#. What took Minnco over a year…. I handled in 3 minutes!

    This appears to be a Minnco money grab to me.

    Real simple watch your statements. Corporate money grab!

  • October 27, 2021

    Incompetent and I am annoyed! I financed an ATV thru Minnco. A year into the loan. I started to receive threading letters to prove I had insurance. Which I had from Progressive since day 1. After 3 calls trying to send policy information….That wasn’t good enough. I saw on my account a charge for “their” insurance . I called an questioned why they didn’t get a hold of Progressive like they said they would. And I quote “ we have tried and tried and can not reach anyone at Progressive” I am completely enraged. I called Progressive within 3 minutes!! I had merged Minnco and Progressive on the phone!! There was simple digits errors on the vin#. What took Minnco over a year…. I handled in 3 minutes!

    This appears to be a Minnco money grab to me.

    Real simple watch your statements. Corporate money grab!


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