Compound Interest Calculator
CD 2-year Account from AVB Bank with 0.50% APY and $10,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 2-year Account from AVB Bank with 0.50% 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 $21,023. The interest earned would be $1,023 and the tax amount on the interest earned would be approximately $307.
Please note that this product is available in Oklahoma and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for AVB Bank
Savings Boost of
$-240 over 10 years
$-240 over 10 years
Cash Savings
$20,000
Average Interest Earned
$956
AVB Bank Interest Earned
$716
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 | 133 | 93 |
| 2 | 20,133 | 133 | 93 |
| 3 | 20,266 | 134 | 94 |
| 4 | 20,400 | 135 | 95 |
| 5 | 20,536 | 136 | 95 |
| 6 | 20,672 | 137 | 96 |
| 7 | 20,809 | 138 | 97 |
| 8 | 20,947 | 139 | 97 |
| 9 | 21,086 | 140 | 98 |
| 10 | 21,226 | 141 | 99 |
| TOTAL: | $1,366 | $956 |
AVB Bank Scenario
| Rate: 0.50% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 100 | 70 |
| 2 | 20,100 | 101 | 70 |
| 3 | 20,201 | 101 | 71 |
| 4 | 20,302 | 102 | 71 |
| 5 | 20,403 | 102 | 71 |
| 6 | 20,505 | 103 | 72 |
| 7 | 20,608 | 103 | 72 |
| 8 | 20,711 | 104 | 72 |
| 9 | 20,814 | 104 | 73 |
| 10 | 20,918 | 105 | 73 |
| TOTAL: | $1,023 | $716 |
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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.
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.35% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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Take your savings to the next level with our 12-month online CD special! 12-Month |
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4.50% |
$500 |
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Last change: ↑0.45% on April 27. |
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Last change: ↑0.43% on April 27. |
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Last change: ↑0.65% on August 6. |
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4.50% |
$10,000 |
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Last change: ↑1.20% on August 6. |
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Customer Reviews for AVB Bank
1.0 out of 5 based on 2 ratings
should be valued customer
April 22, 2022 |
I am considering finding another bank to do business with
Is this review helpful? Yes:0 / No: 1
should be valued customer
April 22, 2022 |
dealing with avb bank at 51st & Mingo in Tulsa this is one location you should avoid at ALL cost I have never in all the years of dealing with bankers been so badly treated by the lady manager there ( if you could call her a lady ha ha, who should be fired ) thought she had the right to chew me out over her perceived biases. the staff at that location is poorly trained and defiantly not helpful as reflected by their manager. I guess that they forgot that the customer is the reason their in business. I went to a different branch in broken arrow and was treated 100% better asking the teller to do the exact same transaction that I asked their other bank to do and wouldn't do, he was friendly and did not argue with me as their other branch did
I will not be doing business with the 51st branch ever again. upper management you need to take this seriously if you dont think customer service is important and the way management treats coutomers
Is this review helpful? Yes:0 / No: 1
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