Compound Interest Calculator
Money Market Account from Bank of Colorado with 1.00% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Bank of Colorado with 1.00% APY and $25,000 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 $22,092. The interest earned would be $2,092 and the tax amount on the interest earned would be approximately $628.

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

The Results for Bank of Colorado

Savings Boost of
$1,147 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Bank of Colorado Interest Earned $1,465

 

 

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

Bank of Colorado Scenario

Rate:
1.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 200 140
2 20,200 202 141
3 20,402 204 143
4 20,606 206 144
5 20,812 208 146
6 21,020 210 147
7 21,230 212 149
8 21,443 214 150
9 21,657 217 152
10 21,874 219 153
TOTAL: $2,092 $1,465

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.


Recent Rate Changes



Date APY
September 22, 2024 1.00%
December 4, 2023 1.51%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on November 25.

Last change: ↓0.10% on December 29.
6 Month Jumbo CD.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.

Last change: ↓0.25% on December 23.



Customer Reviews for Bank of Colorado


  • February 7, 2020

    CDs 12 Month Rates

    I contacted the massage bank and they are not offering 2.02 it’s 1.10

  • February 7, 2020

    CDs 12 Month Rates

    I contacted the massage bank and they are not offering 2.02 it’s 1.10

  • March 13, 2019 |

    CDs 36 Month Rates

    The employees at the Longmont branch are very friendly. It takes no time at all to open an account and purchase a C.D.

  • July 26, 2018

    CDs 60 Month Rates

    I contacted their main branch in Fort Collins, CO. They claim they are not offering 3.28% on a 5 yr. CD w 110K Deposit.


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