Compound Interest Calculator
CD 6-month Account from United Community Bank of West Kentucky, Inc. with 0.75% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from United Community Bank of West Kentucky, Inc. with 0.75% 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 $21,552. The interest earned would be $1,552 and the tax amount on the interest earned would be approximately $465.

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 United Community Bank of West Kentucky, Inc.

Savings Boost of
$768 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
United Community Bank of West Kentucky, Inc. Interest Earned $1,086

 

 

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 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

United Community Bank of West Kentucky, Inc. Scenario

Rate:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

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 United Community Bank of West Kentucky, Inc.


  • April 15, 2020

    There is room for improvement in any business. And UCB
    Is at top of list for lack of need for improvement . They have always been at their best in terms of overall management,
    firm loan management, friendly approach to customers and all other types of bank criteria. UCB is the best banking
    Experience that I have ever had. Keep up the great work. An
    I know you will. It’s in your HEARTS!


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