The product Savings Account from COMMUNITY FIRST with 1.00% APY 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 $22,092. The interest earned would be $2,092 and the tax amount on the interest earned would be approximately $628.
Please note that 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: 0.22% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 43 | 30 |
| 2 | 20,043 | 43 | 30 |
| 3 | 20,086 | 43 | 30 |
| 4 | 20,129 | 43 | 30 |
| 5 | 20,173 | 43 | 30 |
| 6 | 20,216 | 43 | 30 |
| 7 | 20,259 | 44 | 30 |
| 8 | 20,303 | 44 | 31 |
| 9 | 20,347 | 44 | 31 |
| 10 | 20,390 | 44 | 31 |
| TOTAL: | $434 | $304 |
| Rate: 1.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 200 | 140 |
| 2 | 20,200 | 202 | 141 |
| 3 | 20,402 | 204 | 143 |
| 4 | 20,606 | 206 | 144 |
| 5 | 20,812 | 208 | 146 |
| 6 | 21,020 | 210 | 147 |
| 7 | 21,230 | 212 | 149 |
| 8 | 21,443 | 214 | 150 |
| 9 | 21,657 | 217 | 152 |
| 10 | 21,874 | 219 | 153 |
| TOTAL: | $2,092 | $1,465 |
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.
| Date | APY |
|---|---|
| January 4, 2024 | 1.00% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
6.00% |
$5,000 |
Learn More | |
|
6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%. |
||||
|
|
5.66% |
$25,000 |
Learn More | |
|
Last change: ↑0.46% on December 15, 2023. |
||||
|
|
5.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on September 8, 2023. |
||||
|
|
5.50% |
$10,000 |
Learn More | |
|
Last change: ↓0.05% on March 15. |
||||
|
|
5.49% |
$50,000 |
Learn More | |
|
Last change: ↑0.09% on March 12. |
||||
Customer Reviews for Community First
pmm
February 12, 2022
Community First CU does NOT offer online Principal Payments on loans. CFCU online services are 20 years behind the industry. Online Principal payments are offered at Credit unions. Avoid Community First Credit Union if want the convenience of online principal payments. If you want to Save yourself hours/ Days by going to brick and mortar CU to make principal payments over the course of the loan Do Not become a member of Community First Credit Union. You're an " Owner " of the past in online banking at Community First Credit Union.
Is this review helpful? Yes:0 / No: 0
Add Your Review
or use your BestCashCow account