The product CD Account from Community Partners Savings Bank with 0.68% 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 $21,402. The interest earned would be $1,402 and the tax amount on the interest earned would be approximately $421.
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: 0.68% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 136 | 95 |
| 2 | 20,136 | 137 | 96 |
| 3 | 20,273 | 138 | 96 |
| 4 | 20,411 | 139 | 97 |
| 5 | 20,550 | 140 | 98 |
| 6 | 20,689 | 141 | 98 |
| 7 | 20,830 | 142 | 99 |
| 8 | 20,972 | 143 | 100 |
| 9 | 21,114 | 144 | 101 |
| 10 | 21,258 | 145 | 101 |
| TOTAL: | $1,402 | $982 |
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? | ||
|---|---|---|---|---|
|
|
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 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
Add Your Review
or use your BestCashCow account