Compound Interest Calculator
Money Market Account from Bristol County Savings Bank with 2.49% APY and $250,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Bristol County Savings Bank with 2.49% APY and $250,000 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 $25,577. The interest earned would be $5,577 and the tax amount on the interest earned would be approximately $1,673.

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 Bristol County Savings Bank

Savings Boost of
$3,584 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Bristol County Savings Bank Interest Earned $3,904

 

 

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 20,091 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

Bristol County Savings Bank Scenario

Rate:
2.49%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 498 349
2 20,498 510 357
3 21,008 523 366
4 21,532 536 375
5 22,068 549 385
6 22,617 563 394
7 23,180 577 404
8 23,757 592 414
9 24,349 606 424
10 24,955 621 435
TOTAL: $5,577 $3,904

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
October 14, 2024 2.49%
September 13, 2024 2.50%
August 12, 2024 2.51%
July 15, 2024 2.52%
January 22, 2024 2.53%


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