The product CD Account from First State Bank of Campbell Hill with 0.40% 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 $20,815. The interest earned would be $815 and the tax amount on the interest earned would be approximately $244.
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: 0.56% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 111 | 78 |
| 2 | 20,111 | 112 | 78 |
| 3 | 20,223 | 112 | 79 |
| 4 | 20,335 | 113 | 79 |
| 5 | 20,449 | 114 | 80 |
| 6 | 20,562 | 114 | 80 |
| 7 | 20,677 | 115 | 80 |
| 8 | 20,792 | 116 | 81 |
| 9 | 20,907 | 116 | 81 |
| 10 | 21,023 | 117 | 82 |
| TOTAL: | $1,140 | $798 |
| Rate: 0.40% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 80 | 56 |
| 2 | 20,080 | 80 | 56 |
| 3 | 20,160 | 81 | 56 |
| 4 | 20,241 | 81 | 57 |
| 5 | 20,322 | 81 | 57 |
| 6 | 20,403 | 82 | 57 |
| 7 | 20,485 | 82 | 57 |
| 8 | 20,567 | 82 | 58 |
| 9 | 20,649 | 83 | 58 |
| 10 | 20,732 | 83 | 58 |
| TOTAL: | $815 | $570 |
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%. |
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|
|
5.66% |
$25,000 |
Learn More | |
|
Last change: ↑0.46% on December 15, 2023. |
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|
|
5.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
Learn More | |
|
Last change: ↓0.05% on March 15. |
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|
|
5.49% |
$50,000 |
Learn More | |
|
Last change: ↑0.09% on March 12. |
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Customer Reviews for First State Bank of Campbell Hill
No One Important
November 12, 2022 |
This bank has changed from what it used to be some years ago.
I used to have an account, got loans through them. Did all my banking through this establishment.
They were a hometown proud financial institution.
Now a day, they are mostly reliant on the fat cash of the Amish community that has settled in this rather large area of the south- western Illinois about 30 years or so.
So my biggest complaint and let down was today. 11/11/2022. When I went to there drive up and asked them to cash a small check($33.86).
I haven't had an account so refused to cash it. Their reason was that I didn't have an account there anymore and if the check didn't clear. They would be stuck holding the check.
REALLY? through all the thousands of dollars I've given that place. There is no help for a long time born in the area ,"local?"
This is just a warning. If you bank with them. Be prepared to be treated as a dollar with not a respectable customer or neighbor
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