Compound Interest Calculator
CD 2-year Account from River City Bank, Inc. with 0.85% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from River City Bank, Inc. with 0.85% 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 $21,767. The interest earned would be $1,767 and the tax amount on the interest earned would be approximately $530.

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

The Results for River City Bank, Inc.

Savings Boost of
$288 over 10 years
Cash Savings $20,000
Average Interest Earned $949

 
River City Bank, Inc. Interest Earned $1,237

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 132 92
2 20,132 132 93
3 20,264 133 93
4 20,397 134 94
5 20,532 135 95
6 20,667 136 95
7 20,803 137 96
8 20,940 138 96
9 21,077 139 97
10 21,216 140 98
TOTAL: $1,356 $949

River City Bank, Inc. Scenario

Rate:
0.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 170 119
2 20,170 171 120
3 20,341 173 121
4 20,514 174 122
5 20,689 176 123
6 20,865 177 124
7 21,042 179 125
8 21,221 180 126
9 21,401 182 127
10 21,583 183 128
TOTAL: $1,767 $1,237

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.



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Customer Reviews for River City Bank, Inc.


  • August 28, 2021

    CDs 12 Month Rates

    The posted rates for River City Bank are not accurate. I have inquired at the bank more than once.

  • June 14, 2021

    CDs 12 Month Rates

    Went to bank and they said rates posted on internet is false


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