The product CD 1-year Account from Union County Savings Bank with 0.90% 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 $21,875. The interest earned would be $1,875 and the tax amount on the interest earned would be approximately $562.
Please note that this product is available in New Jersey and 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: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 110 | 77 |
| 2 | 20,110 | 111 | 78 |
| 3 | 20,221 | 112 | 78 |
| 4 | 20,333 | 112 | 79 |
| 5 | 20,445 | 113 | 79 |
| 6 | 20,558 | 113 | 79 |
| 7 | 20,672 | 114 | 80 |
| 8 | 20,786 | 115 | 80 |
| 9 | 20,900 | 115 | 81 |
| 10 | 21,016 | 116 | 81 |
| TOTAL: | $1,132 | $792 |
| Rate: 0.90% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 180 | 126 |
| 2 | 20,180 | 182 | 127 |
| 3 | 20,362 | 183 | 128 |
| 4 | 20,545 | 185 | 129 |
| 5 | 20,730 | 187 | 131 |
| 6 | 20,916 | 188 | 132 |
| 7 | 21,105 | 190 | 133 |
| 8 | 21,295 | 192 | 134 |
| 9 | 21,486 | 193 | 135 |
| 10 | 21,680 | 195 | 137 |
| TOTAL: | $1,875 | $1,312 |
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? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on January 18. |
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|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↓0.05% on April 30. |
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|
|
4.50% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on April 9. |
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|
|
4.49% |
$1,000 |
Learn More | |
|
Last change: ↑0.34% on May 27. |
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Customer Reviews for Union County Savings Bank
Milo
November 16, 2020
We went to this bank because it had the best CD rate. People were helpful and friendly. Did not like the fact that to add a beneficiary that person had to present.
Is this review helpful? Yes:0 / No: 0
Stew
March 6, 2020 |
Great local bank. I have used to Cranford branch for years. Great rates and friendly staff.
Is this review helpful? Yes:0 / No: 1
john
December 30, 2019
the current rate is not 2.1%. It is 2.05%
Is this review helpful? Yes:0 / No: 0
Susan
June 15, 2019 |
I've banked with them for years. Always reliable.
Is this review helpful? Yes:0 / No: 0
Susan
June 15, 2019 |
I've banked with them for years. Always reliable.
Is this review helpful? Yes:0 / No: 0
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