Compound Interest Calculator
CD 6-month Account from Oxford Bank with 0.17% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from Oxford Bank with 0.17% 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 $20,343. The interest earned would be $343 and the tax amount on the interest earned would be approximately $103.

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
$-78 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Oxford Bank Interest Earned $240

 

 

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

Oxford Bank Scenario

Rate:
0.17%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 34 24
2 20,034 34 24
3 20,068 34 24
4 20,102 34 24
5 20,136 34 24
6 20,171 34 24
7 20,205 34 24
8 20,239 34 24
9 20,274 34 24
10 20,308 35 24
TOTAL: $343 $240

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