The product Money Market Account from Capital Community Bank with 0.16% 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 $20,322. The interest earned would be $322 and the tax amount on the interest earned would be approximately $97.
Please note that this product is available in Utah and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
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 |
Rate: 0.16% |
Annual Interest |
Annual Interest (After Tax) |
|
---|---|---|---|
1 | 20,000 | 32 | 22 |
2 | 20,032 | 32 | 22 |
3 | 20,064 | 32 | 22 |
4 | 20,096 | 32 | 23 |
5 | 20,128 | 32 | 23 |
6 | 20,161 | 32 | 23 |
7 | 20,193 | 32 | 23 |
8 | 20,225 | 32 | 23 |
9 | 20,257 | 32 | 23 |
10 | 20,290 | 32 | 23 |
TOTAL: | $322 | $226 |
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.
ONLINE BANKS | APY? | MIN? | ||
---|---|---|---|---|
|
4.91% |
$25,000 |
Learn More | |
Last change: ↓0.09% on October 17. |
||||
|
4.90% |
$10,000 |
Learn More | |
Last change: ↓0.15% on September 6. |
||||
|
4.80% |
$50,000 |
Learn More | |
Last change: ↓0.09% on December 7. |
||||
|
4.75% |
$50,000 |
Learn More | |
Last change: ↑0.25% on November 25. |
||||
|
4.70% |
$1,000 |
Learn More | |
Last change: ↑0.70% on December 7. |
Customer Reviews for Capital Community Bank
bws/esc
April 27, 2023
have had 3 cd accounts. all interactions with instructions for disposition of funds were never exactly enacted as discussed and requests for confirmatory emails never sent with details as terms discussed. I accepted responsibility for miscommunications for first CD screw up but I had the same issues with subsequent CD accounts and in one phone conversation the representative said they had had some problems with previous employees who no longer worked there. if you have any banking business with Limelight I suggest getting ALL details in writing before committing funds.
Is this review helpful? Yes:0 / No: 0
Iman
March 4, 2021
They are liers. Please don't open their credit cards to avoid being taking advantage of!!! I hope they bankrupt SOOOOOON.
Is this review helpful? Yes:2 / No: 0
Tekesevent
February 5, 2020 |
This company refused me any information regarding my loan. They even sent an email saying I had paid off in full despite never having made a payment. I immediately called and was told that I could do nothing since I had paid in full. No amount of arguing with two reps would change this. I finally tracked down a method of payment but never received information for tax purposes or loan installments. I only heard from CC Bank after the initial period of deferred interest and was charged a late fee despite never receiving a statement or acknowledgement of what I already paid. They are frauds and I would never want anyone to go through what I am going through now. They are dishonest to the core. They have also locked me out of online access to my account and ignored requests that I receive paper documentation.
Is this review helpful? Yes:2 / No: 0
Tekesevent
February 5, 2020
This company refused me any information regarding my loan. They even sent an email saying I had paid off in full despite never having made a payment. I immediately called and was told that I could do nothing since I had paid in full. No amount of arguing with two reps would change this. I finally tracked down a method of payment but never received information for tax purposes or loan installments. I only heard from CC Bank after the initial period of deferred interest and was charged a late fee despite never receiving a statement or acknowledgement of what I already paid. They are frauds and I would never want anyone to go through what I am going through now. They are dishonest to the core. They have also locked me out of online access to my account and ignored requests that I receive paper documentation.
Is this review helpful? Yes:1 / No: 0
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