Compound Interest Calculator
CD 18-month Account from Community Partners Savings Bank with 0.78% APY and $10,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 18-month Account from Community Partners Savings Bank with 0.78% 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 $21,616. The interest earned would be $1,616 and the tax amount on the interest earned would be approximately $485.
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 Community Partners Savings Bank
Savings Boost of
$800 over 10 years
$800 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Community Partners Savings Bank Interest Earned
$1,131
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 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Community Partners Savings Bank Scenario
| Rate: 0.78% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 156 | 109 |
| 2 | 20,156 | 157 | 110 |
| 3 | 20,313 | 158 | 111 |
| 4 | 20,472 | 160 | 112 |
| 5 | 20,631 | 161 | 113 |
| 6 | 20,792 | 162 | 114 |
| 7 | 20,954 | 163 | 114 |
| 8 | 21,118 | 165 | 115 |
| 9 | 21,283 | 166 | 116 |
| 10 | 21,449 | 167 | 117 |
| TOTAL: | $1,616 | $1,131 |
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Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% |
$1,500 |
Learn More | |
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Last change: ↑0.25% on August 10. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑0.65% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.45% |
$500 |
Learn More | |
|
Last change: ↑0.40% on April 27. |
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Customer Reviews for Community Partners Savings Bank
JoAnna Toth
August 31, 2021 |
Community Partners Savings Bank aka Marion County Savings are dishonest, incompetent, deceitful and they break the FCRA laws. They lie and trick you to get as much money as they can out of you, greedy for gain, then when you wake up to it all and leave them and refuse to do business with them again, they do everything they can to try to make you look bad including reporting inaccurate information on your credit bureau well past the FCRA allowed time limit of seven years!! Do not use them, there are many other banks to choose from who have integrity, are honest, ethical, moral and upstanding. Avoid this bank!!!! The CFPB and IL Attorney General as well as the bank regulators have all kinds of complaints on them, just go on their website and read or give them a call, these are public records for anyone to read.
Is this review helpful? Yes:0 / No: 0
Joannatoth
August 8, 2021 |
Avoid them!
Is this review helpful? Yes:0 / No: 0
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