The product CD 5-year Account from VALLEY COMMUNITIES with 1.21% 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 $22,556. The interest earned would be $2,556 and the tax amount on the interest earned would be approximately $767.
Please note that this product is available in Wisconsin and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.92% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 184 | 129 |
| 2 | 20,184 | 185 | 130 |
| 3 | 20,369 | 187 | 131 |
| 4 | 20,556 | 189 | 132 |
| 5 | 20,745 | 190 | 133 |
| 6 | 20,935 | 192 | 135 |
| 7 | 21,127 | 194 | 136 |
| 8 | 21,321 | 196 | 137 |
| 9 | 21,517 | 198 | 138 |
| 10 | 21,714 | 199 | 140 |
| TOTAL: | $1,914 | $1,340 |
| Rate: 1.21% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 242 | 169 |
| 2 | 20,242 | 245 | 171 |
| 3 | 20,487 | 248 | 174 |
| 4 | 20,735 | 251 | 176 |
| 5 | 20,986 | 254 | 178 |
| 6 | 21,240 | 257 | 180 |
| 7 | 21,497 | 260 | 182 |
| 8 | 21,757 | 263 | 184 |
| 9 | 22,020 | 266 | 187 |
| 10 | 22,286 | 270 | 189 |
| TOTAL: | $2,556 | $1,789 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$5,000 |
Learn More | |
|
Last change: ↑0.15% on March 22. |
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|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on January 18. |
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|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↓0.15% on January 25. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↓0.50% on February 25. |
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Customer Reviews for Valley Communities
Terry T
March 18, 2021
Great rates on auto, RV and winter/summer toy loans, flexible payment options,
Is this review helpful? Yes:0 / No: 0
Terry T
March 18, 2021
Yes, including a Low Down Payment Home Loan with no PMI
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Terry T
March 18, 2021
https://apps.apple.com/us/developer/valley-communities-credit-union/id1338925485?mt=8%3B
https://apps.apple.com/us/developer/valley-communities-credit-union/id1338925485?mt=8%3B
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Terry T
March 18, 2021
5 branches in the central Wisconsin area: Kronenwetter, Marshfield, Mosinee, Stevens Point, Wisconsin Rapids
Is this review helpful? Yes:0 / No: 0
Terry T
March 18, 2021
Anyone who lives, works or owns property in the following counties: Adams, Clark, Juneau, Lincoln, Marathon, Portage, Shawano, Waupaca, Waushara, and Wood.
Is this review helpful? Yes:0 / No: 0
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