Compound Interest Calculator
CD 3-year Account from Oxford Bank with 0.40% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Oxford Bank with 0.40% 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 $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 Michigan and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Oxford Bank

Savings Boost of
$-517 over 10 years
Cash Savings $20,000
Average Interest Earned $1,088

 
Oxford Bank 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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,302 152 107
4 20,454 154 108
5 20,608 155 108
6 20,762 156 109
7 20,918 157 110
8 21,075 158 111
9 21,234 159 112
10 21,393 161 112
TOTAL: $1,554 $1,088

Oxford Bank 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.



Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.



Customer Reviews for Oxford Bank


  • July 3, 2023

    My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20 years.
    Today a new manager to me, Dot Arnold, refused to complete my transaction. I endorsed a money order made out to me and made it payable to my niece on the back. I then wrote "For Deposit Only" under making the money order payable to my niece. I wanted to deposit it into her account. I have done this numerous times over the years, but today the manager, Dot Arnold said that it could not be done. She said banking laws had changed and that this was illegal. Nowhere can I find that this illegal. If a 20 year business relationship with a bank and a respectable constant bank balance are not appreciated by a financial institution, maybe I should be banking somewhere else.
    Take this into consideration when you begin a financial relationship with a bank












Add Your Review


or use your BestCashCow account

or