Compound Interest Calculator
Money Market Account from Amerasia Bank with 0.51% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Amerasia Bank with 0.51% 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 $21,044. The interest earned would be $1,044 and the tax amount on the interest earned would be approximately $313.

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

The Results for Amerasia Bank

Savings Boost of
$412 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Amerasia Bank Interest Earned $731

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Amerasia Bank Scenario

Rate:
0.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 102 71
2 20,102 103 72
3 20,205 103 72
4 20,308 104 72
5 20,411 104 73
6 20,515 105 73
7 20,620 105 74
8 20,725 106 74
9 20,831 106 74
10 20,937 107 75
TOTAL: $1,044 $731

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 Amerasia Bank


  • August 19, 2021 |

    Best Service!

  • April 22, 2021 |

    Amerasia Bank is a Fantastic Bank - Amazing Customer service, Competitive Rates, and great Deposit Products.

    The friendliest bank in our neighborhood.

  • March 12, 2018 |

    CDs 13 Month Rates

    amerasia bank told me that 2.33 % for 13 months is not true


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