Compound Interest Calculator
CD 5-year Account from Oconee State Bank with 1.00% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Oconee State Bank with 1.00% 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 $22,092. The interest earned would be $2,092 and the tax amount on the interest earned would be approximately $628.

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

The Results for Oconee State Bank

Savings Boost of
$130 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
Oconee State Bank Interest Earned $1,465

 

 

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

Oconee State Bank Scenario

Rate:
1.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 200 140
2 20,200 202 141
3 20,402 204 143
4 20,606 206 144
5 20,812 208 146
6 21,020 210 147
7 21,230 212 149
8 21,443 214 150
9 21,657 217 152
10 21,874 219 153
TOTAL: $2,092 $1,465

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 Oconee State Bank


  • March 29, 2021

    I have had problems with Oconee State Bank blocking purchases I made online from a legitimate business for pet products. They block it because the seller is in the UK, even though I have purchased from the seller many times and been pleased. OSB still interferes with my purchases. I have met with them and been promised the filter is removed so I can purchase. Still every time I purchase they block it. I have emailed them to no avail. They reply but my purchases are still blocked even though they say they will remove the filter. I can't drive to the UK to make these purchases - I have to order them online. OSB has no business interfering with my regular purchases from secure legitimate sources that many people buy from. I am sick and tired of going round and round with OSB about this. They are incompetent.


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