Compound Interest Calculator
CD 1-year Account from RCB Bank with 3.80% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from RCB Bank with 3.80% 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 $29,040. The interest earned would be $9,040 and the tax amount on the interest earned would be approximately $2,712.

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
$5,535 over 10 years
Cash Savings $20,000
Average Interest Earned $794

 
RCB Bank Interest Earned $6,328

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 77
2 20,111 111 78
3 20,222 112 78
4 20,334 112 79
5 20,446 113 79
6 20,559 114 80
7 20,673 114 80
8 20,787 115 80
9 20,902 116 81
10 21,018 116 81
TOTAL: $1,134 $794

RCB Bank Scenario

Rate:
3.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 760 532
2 20,760 789 552
3 21,549 819 573
4 22,368 850 595
5 23,218 882 618
6 24,100 916 641
7 25,016 951 665
8 25,966 987 691
9 26,953 1,024 717
10 27,977 1,063 744
TOTAL: $9,040 $6,328

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
September 22, 2024 3.80%
August 7, 2024 4.05%
August 2, 2024 4.25%
November 22, 2023 4.60%


Featured CD Rates

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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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