Compound Interest Calculator
CD 2-year Account from ONPOINT COMMUNITY with 2.61% APY and $1,001 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from ONPOINT COMMUNITY with 2.61% APY and $1,001 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 $25,878. The interest earned would be $5,878 and the tax amount on the interest earned would be approximately $1,763.

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

The Results for ONPOINT COMMUNITY

Savings Boost of
$3,167 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
ONPOINT COMMUNITY Interest Earned $4,114

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

ONPOINT COMMUNITY Scenario

Rate:
2.61%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 522 365
2 20,522 536 375
3 21,058 550 385
4 21,607 564 395
5 22,171 579 405
6 22,750 594 416
7 23,344 609 426
8 23,953 625 438
9 24,578 641 449
10 25,220 658 461
TOTAL: $5,878 $4,114

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.


Recent Rate Changes



Date APY
August 2, 2024 2.61%
August 20, 2023 2.60%


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Early Withdrawal Penalty is 3 months interest.



Customer Reviews for Onpoint Community


  • May 31, 2021 |

    Joshua from your security service deserves a great review. He helped cancel my card after it was stolen.


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