Compound Interest Calculator
CD 18-month Account from RCB Bank with 2.50% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from RCB Bank with 2.50% APY and $1,000 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 $25,602. The interest earned would be $5,602 and the tax amount on the interest earned would be approximately $1,681.

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

The Results for RCB Bank

Savings Boost of
$3,603 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
RCB Bank Interest Earned $3,921

 

 

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

RCB Bank Scenario

Rate:
2.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 500 350
2 20,500 513 359
3 21,013 525 368
4 21,538 538 377
5 22,076 552 386
6 22,628 566 396
7 23,194 580 406
8 23,774 594 416
9 24,368 609 426
10 24,977 624 437
TOTAL: $5,602 $3,921

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.


Recent Rate Changes



Date APY
November 22, 2023 2.50%


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 RCB Bank


  • October 13, 2020

    Been banking with RCB for 20 years now after today this will probably be my last year I was in a car wreck and my car was a total loss insurance set me a check. When up to the bank to try to catch it so I could go buy the car that I put on hold at the dealership They told me they were unable to cash it for 3 days. Thinking the check was not from a Reputable company. However it was from progressive. progressive is one of the most known widely know insurance company in the US. Even has stated on the check stub. That i tried to show the. So next week i will shopping for a new bank. Kind of sad i have deposited a hundred thousand in the last year between the 4 acct in my name not to mention my husband acct ..sadly if bank manger pam on north 14th in ponca city would of took the time to look at it instead of just say no. Smh time to find a new bank


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