Compound Interest Calculator
Money Market Account from ALLSOUTH with 0.23% APY and $2,500 minimum deposit

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ALLSOUTH Rate (%):

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The product Money Market Account from ALLSOUTH with 0.23% APY and $2,500 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 $20,465. The interest earned would be $465 and the tax amount on the interest earned would be approximately $139.

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

The Results for ALLSOUTH

Savings Boost of
$6 over 10 years

Cash Savings $20,000

Average Interest Earned $320

ALLSOUTH Interest Earned $325

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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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,091	45	32
4	20,136	46	32
5	20,181	46	32
6	20,227	46	32
7	20,273	46	32
8	20,319	46	32
9	20,364	46	32
10	20,410	46	32
	TOTAL:	$457	$320

ALLSOUTH Scenario

	Rate: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	46	32
2	20,046	46	32
3	20,092	46	32
4	20,138	46	32
5	20,185	46	32
6	20,231	47	33
7	20,278	47	33
8	20,324	47	33
9	20,371	47	33
10	20,418	47	33
	TOTAL:	$465	$325

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.

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Customer Reviews for Allsouth

scguy1012

July 9, 2021

NO! This is why I stopped banking with them. To me, that is outdated to only have an ATM that gives out cash and performs no other function.

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Compound Interest Calculator Money Market Account from ALLSOUTH with 0.23% APY and $2,500 minimum deposit