Compound Interest Calculator
CD 4-year Account from Savanna-Thomson State Bank with 0.80% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Savanna-Thomson State Bank with 0.80% APY and $100,000 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 $21,659. The interest earned would be $1,659 and the tax amount on the interest earned would be approximately $498.

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

The Results for Savanna-Thomson State Bank

Savings Boost of
$-20 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
Savanna-Thomson State Bank Interest Earned $1,161

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

Savanna-Thomson State Bank Scenario

Rate:
0.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 160 112
2 20,160 161 113
3 20,321 163 114
4 20,484 164 115
5 20,648 165 116
6 20,813 167 117
7 20,979 168 117
8 21,147 169 118
9 21,316 171 119
10 21,487 172 120
TOTAL: $1,659 $1,161

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 Fidelity Bank


  • October 13, 2022

    Upon entering the Savanna Location, I 1st waited and waited and then was told it was gonna be a few minutes; Therefore when one's app once I got to deposit money they tried to tell me it was too late. To continue my dispute the teller later went back and came back with a woman who proceeded to tell me she had worked there for 23 years clears and that she is the vice president. The way she presented herself, was that exactly of a 13 year old girl, raging with uncontrollable hormones, that make ones attitude quite, ugly and uncomfortable to be around. I decided that I should ask to speak to the president, Her words to me where " He's in a meeting right now. He can call you later when hes done and I'm closing your account, I don't mess around!" Then they refused to take my number, for the president to call me. And since we discussed the closing of my account I asked for my money and she said" yeah what's not negative". Then began to get even more nasty with me growling " Why are you still standing here?" I replied "didn't we just discuss this you're closing my account so I'm waiting for my money., Are you really getting even more nasty with me right now because I'm waiting on you to do your job?" The teller then threw me the money, out of my checking account only. Which then maybe ask" Are you serious ? Did you just throw my own money at me?" As she slinked back in her seat, Crossing her arms, and turning her nose up, she snarled, "Yeah!"
    I've never heard or seen of a business conducted this way. I am truly amazed that it has been capable of staying open, with such poor, inappropriate, negligent, slow, intimidating staff.


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