Compound Interest Calculator
Savings Account from Rondout Savings Bank with 0.10% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Rondout Savings Bank with 0.10% APY and $2,500 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 $20,201. The interest earned would be $201 and the tax amount on the interest earned would be approximately $60.

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

The Results for Rondout Savings Bank

Savings Boost of
$-179 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Rondout Savings Bank Interest Earned $141

 

 

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 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

Rondout Savings Bank Scenario

Rate:
0.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 20 14
2 20,020 20 14
3 20,040 20 14
4 20,060 20 14
5 20,080 20 14
6 20,100 20 14
7 20,120 20 14
8 20,140 20 14
9 20,161 20 14
10 20,181 20 14
TOTAL: $201 $141

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 Rondout Savings Bank


  • May 22, 2023 |

    The Bank Rondout Savings Bank is SCAM and bad company
    This is horrible bank , the loans insisted that I must come in the office before they will review my application for loan. But Everything is done online nowadays and I don't have to be there in person, I have provided all my documents and social security, what they should do is to run my credit rather than telling me to spend 250 for transportation to travel to upstate. The personal loan officer there is not a good person. People should stay away from this bank they are scammers and unprofessional. They lie to me. They are corny and deceitful. The personal loan officer insisted that I must when I came to the office for nothing, the following day he denied me the loans he is not a good person to do me that after I have spent money and time to travel there. The worst horrible bank ever. THE PERSONAL LOAN OFFICER THERE IS A WICKED MAN. THE BANK SHOULD REMOVE THAT MAN IMMEDIATELY. HORRIBLE , THE WORST BANK ON EARTH

  • March 6, 2020 |

    I found that employees were not consistent and gave me the run around on multiple occasions. I had been a customer for 32 years and they did not hesitate when I asked to close all of my accounts and remove over $20,000.00. They do not seem to care about their loyal customers and have terrible customer service. Anything other than a simple deposit seemed to turn into an ordeal and always had to make trips into the bank. If you are enrolled in electronic banking they did not allow for transfer of money between checking and savings accounts without going into the bank. It seemed as though things went downhill there over the last few years and I look forward to easier banking elsewhere.


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