Compound Interest Calculator
CD 18-month Account from ONPOINT COMMUNITY with 2.56% APY and $1,001 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from ONPOINT COMMUNITY with 2.56% 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 $25,752. The interest earned would be $5,752 and the tax amount on the interest earned would be approximately $1,726.

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
$3,708 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
ONPOINT COMMUNITY Interest Earned $4,026

 

 

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

ONPOINT COMMUNITY Scenario

Rate:
2.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 512 358
2 20,512 525 368
3 21,037 539 377
4 21,576 552 387
5 22,128 566 397
6 22,694 581 407
7 23,275 596 417
8 23,871 611 428
9 24,482 627 439
10 25,109 643 450
TOTAL: $5,752 $4,026

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 2.56%
August 20, 2023 2.55%


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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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