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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.

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Listerhill Credit Union (en-US)

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Simple vs. Compound Interest Calculator

How It Works

You want to earn as much interest as possible on your savings but not pay more than you have to when you borrow. One of the biggest factors in both is whether you’re accruing simple or compound interest.

Simple Interest is calculated annually on the amount you deposit or owe. Compound Interest is when interest earned is added to the principal, forming a new base on which the next round of interest is calculated. This usually accrues daily, monthly, or quarterly.

Enter the starting balance and use the sliders to adjust the monthly contribution, interest rate, and years. The graph will demonstrate the growth of the principal and interest earned/owned with simple interest vs compound interest.

Other Resources
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Your Financial Future Starts Here

When you are faced with life-changing transitions, there are usually some important financial decisions that you will have to make during these times of change. Your financial decisions may significantly impact your financial security in the years, decades or generations to come. When you’re making these important financial decisions, you want sound, objective advice from someone who knows you well. Listerhill Financial Services gives you the personalized, local service you deserve.
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Rule of 72 Calculator by Interest Rate

This rule predicts how long an investment will take to double based on a fixed annual interest rate.
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Asset Depreciation Calculator

See how an asset will depreciate over time, the asset value, the yearly depreciation rate, and the annual depreciation.

Common FAQs

  • Is Simple or Compound Interest Better?

    It depends on what you need! If you are saving money in an account or being repaid for a loan, compound interest may be a good choice for you.

    If you are borrowing money, you may be able to pay less over time with simple interest.

    (Source: Banzai)

  • How do I know what kind of interest I have?

    If you are not sure what kind of interest your loan has, check your loan documents or contact your lender.

    (Source: Banzai)

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How to Join a Credit Union in 3 Steps

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Frequently Asked Questions

  • Do I have to be a Listerhill member to apply?

    You can apply as a current member or become a member during the application process if you meet eligibility and credit requirements.*

  • What does 0% APR for 12 months mean?

    It means you won't be charged interest on eligible purchases for the first 12 months after opening your new Listerhill Visa Signature® Rewards or Visa Platinum® Credit Card.*

  • How long does the 0% APR last?

    This introductory 0% APR offer applies for 12 months from account opening.*

  • Do current Listerhill credit cardholders qualify?

    No, current Listerhill Visa Signature® Rewards and Visa Platinum® Credit Card holders are not eligible for this offer, but other promotions may be available.

  • Who qualifies for the 0% APR offer?

    This offer is available to new Listerhill Visa Signature® Rewards and Visa Platinum® Credit Card holders and is subject to credit approval.*

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