Compound Interest Calculator
CD 3-year Account from Oxford Bank with 0.30% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Oxford Bank with 0.30% 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 $20,608. The interest earned would be $608 and the tax amount on the interest earned would be approximately $182.

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
$-660 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
Oxford Bank Interest Earned $426

 

 

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 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

Oxford Bank Scenario

Rate:
0.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 60 42
2 20,060 60 42
3 20,120 60 42
4 20,181 61 42
5 20,241 61 43
6 20,302 61 43
7 20,363 61 43
8 20,424 61 43
9 20,485 61 43
10 20,547 62 43
TOTAL: $608 $426

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 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












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