Compound Interest Calculator
CD 5-year Account from RCB Bank with 2.75% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from RCB Bank with 2.75% 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 $26,233. The interest earned would be $6,233 and the tax amount on the interest earned would be approximately $1,870.

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
$3,028 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
RCB Bank Interest Earned $4,363

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

RCB Bank Scenario

Rate:
2.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 550 385
2 20,550 565 396
3 21,115 581 406
4 21,696 597 418
5 22,292 613 429
6 22,905 630 441
7 23,535 647 453
8 24,183 665 466
9 24,848 683 478
10 25,531 702 491
TOTAL: $6,233 $4,363

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 2.75%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.

Last change: ↓0.10% on October 1.



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


Add Your Review


or use your BestCashCow account

or