Compound Interest Calculator
CD 4-year Account from Penn Community Bank with 0.70% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Penn Community Bank with 0.70% 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 $21,445. The interest earned would be $1,445 and the tax amount on the interest earned would be approximately $433.

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

The Results for Penn Community Bank

Savings Boost of
$-169 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
Penn Community Bank Interest Earned $1,011

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

Penn Community Bank Scenario

Rate:
0.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 140 98
2 20,140 141 99
3 20,281 142 99
4 20,423 143 100
5 20,566 144 101
6 20,710 145 101
7 20,855 146 102
8 21,001 147 103
9 21,148 148 104
10 21,296 149 104
TOTAL: $1,445 $1,011

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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Last change: ↑0.70% on December 7.

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Customer Reviews for Penn Community Bank


  • February 22, 2023 |

    Where to begin with this ghetto bank? You make a cash deposit but you can't make a withdraw the same day. You make a deposit and it doesn't show up until the next day. You're limited to a low atm amount every day. The newest ordeal with this moronic bank. I stopped using it but didn't close the account. I accidentally made a 50.00 credit card payment using this account. I left 2.00 in the account so 50.00 minus 2.00 equals 48.00 which they paid and charged overdraft fee of 35.00 which equals 83.00 negative I transferred 235.38 to that account 235.38 minus 83.00 equals 152.38. Tried taking 120.00 out of Atm insufficient funds went inside the teller said that shouldn't be tried and got the same message called someone and they said it's because there's a 83.00 pending charge from my credit card company I asked for a print out of the transaction history it cleary shows their screw up but the teller was too stupid to understand it. There's a very good reason this ghetto bank has such low reviews.

  • September 2, 2020 |

    I decided to refinance my house because rates were so good. Penn community had the best rate for me so I decided to try them. Everything was great in the beginning and I paid my fees and paid for appraisal. Then after weeks of waiting I am informed that I don’t qualify for a 15 yr mortgage. Annoying why didn’t they tell me from the start. So we start over for a 30 yr which women said is easy for me to get. I’m going for a small mortgage compared to what my house is worth. After 4 months of them playing around I get turned down for my tiny mortgage and they won’t call me back when I try to find out how this can be. Horrible bank and rude people that won’t return your calls. Don’t use them!!!


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