Compound Interest Calculator
CD 4-year Account from Pioneer Bank with 0.25% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Pioneer Bank with 0.25% 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 $20,506. The interest earned would be $506 and the tax amount on the interest earned would be approximately $152.

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

The Results for Pioneer Bank

Savings Boost of
$-827 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
Pioneer Bank Interest Earned $354

 

 

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

Pioneer Bank Scenario

Rate:
0.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 50 35
2 20,050 50 35
3 20,100 50 35
4 20,150 50 35
5 20,201 51 35
6 20,251 51 35
7 20,302 51 36
8 20,353 51 36
9 20,404 51 36
10 20,455 51 36
TOTAL: $506 $354

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: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Pioneer Bank


  • January 12, 2021 |

    We are a commercial customer that have been with Pioneer Bank since 2014 when they were privately held in Dripping Springs. Since they were sold we have been through 3 bank managers and the Manager service gets worse and worse. We have never been with a bank that now holds every deposit you make. This is insane and businesses cannot conduct business this way. The customer should not be punished and start all over every time a new bank manager comes in. We have a history as we have been there for over 7 years. We have also noticed that Pioneer holds credit card deposits an extra day. We are at more than one bank so we have compared the deposit time on credit card payments, Our credit card company has also heard this from other customers when we inquired about the time it was taking for the credit card payments to deposit at Pioneer. Needless to say accounts will be moving.


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