Compound Interest Calculator
CD 3-month Account from ONPOINT COMMUNITY with 1.75% APY and $1,001 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-month Account from ONPOINT COMMUNITY with 1.75% APY and $1,001 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 $23,789. The interest earned would be $3,789 and the tax amount on the interest earned would be approximately $1,137.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for ONPOINT COMMUNITY

Savings Boost of
$2,340 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
ONPOINT COMMUNITY Interest Earned $2,652

 

 

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:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,133 44 31
5 20,177 45 31
6 20,222 45 31
7 20,267 45 31
8 20,311 45 31
9 20,356 45 31
10 20,401 45 32
TOTAL: $446 $312

ONPOINT COMMUNITY Scenario

Rate:
1.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 350 245
2 20,350 356 249
3 20,706 362 254
4 21,068 369 258
5 21,437 375 263
6 21,812 382 267
7 22,194 388 272
8 22,582 395 277
9 22,978 402 281
10 23,380 409 286
TOTAL: $3,789 $2,652

Take Action

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.


Recent Rate Changes



Date APY
August 20, 2023 1.75%


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Advertiser Disclosure
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Customer Reviews for Onpoint Community


  • May 31, 2021 |

    Joshua from your security service deserves a great review. He helped cancel my card after it was stolen.


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