Compound Interest Calculator
CD 3-year Account from Penn Community Bank with 0.55% APY and $100,000 minimum deposit



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The product CD 3-year Account from Penn Community Bank with 0.55% APY and $100,000 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 $21,128. The interest earned would be $1,128 and the tax amount on the interest earned would be approximately $338.

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

The Results for Penn Community Bank

Savings Boost of
$-310 over 10 years
Cash Savings $20,000
Average Interest Earned $1,100

 
Penn Community Bank Interest Earned $789

 

 

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:
0.76%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 152 106
2 20,152 153 107
3 20,305 154 108
4 20,459 155 109
5 20,614 156 110
6 20,771 158 110
7 20,928 159 111
8 21,087 160 112
9 21,247 161 113
10 21,408 162 114
TOTAL: $1,571 $1,100

Penn Community Bank Scenario

Rate:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 77
3 20,221 111 78
4 20,332 112 78
5 20,444 112 79
6 20,556 113 79
7 20,669 114 80
8 20,783 114 80
9 20,897 115 80
10 21,012 116 81
TOTAL: $1,128 $789
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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.



Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

Decide once. Earn for a year. A full year of predictable earnings with our 12-Month Jumbo CD.

12-Month

Last change: ↑0.05% on October 8.
Early Withdrawal Penalty is 730 days interest.

Last change: ↑0.10% on October 8.
Early Withdrawal Penalty is 365 days interest.

Last change: ↑0.05% on October 8.
Early Withdrawal Penalty is 365 days interest.

Last change: ↑0.40% on October 11.
Early Withdrawal Penalty is 180 days interest.



Customer Reviews for Penn Community Bank

1.0 out of 5 based on 2 ratings


  • February 22, 2023 |

    Where to begin with this ghetto bank? You make a cash deposit but you can't make a withdraw the same day. You make a deposit and it doesn't show up until the next day. You're limited to a low atm amount every day. The newest ordeal with this moronic bank. I stopped using it but didn't close the account. I accidentally made a 50.00 credit card payment using this account. I left 2.00 in the account so 50.00 minus 2.00 equals 48.00 which they paid and charged overdraft fee of 35.00 which equals 83.00 negative I transferred 235.38 to that account 235.38 minus 83.00 equals 152.38. Tried taking 120.00 out of Atm insufficient funds went inside the teller said that shouldn't be tried and got the same message called someone and they said it's because there's a 83.00 pending charge from my credit card company I asked for a print out of the transaction history it cleary shows their screw up but the teller was too stupid to understand it. There's a very good reason this ghetto bank has such low reviews.

  • September 2, 2020 |

    I decided to refinance my house because rates were so good. Penn community had the best rate for me so I decided to try them. Everything was great in the beginning and I paid my fees and paid for appraisal. Then after weeks of waiting I am informed that I don’t qualify for a 15 yr mortgage. Annoying why didn’t they tell me from the start. So we start over for a 30 yr which women said is easy for me to get. I’m going for a small mortgage compared to what my house is worth. After 4 months of them playing around I get turned down for my tiny mortgage and they won’t call me back when I try to find out how this can be. Horrible bank and rude people that won’t return your calls. Don’t use them!!!


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