Compound Interest Calculator
Money Market Account from Crescent Bank with 2.20% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Crescent Bank with 2.20% APY and $100,000 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 $24,862. The interest earned would be $4,862 and the tax amount on the interest earned would be approximately $1,459.

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 Crescent Bank

Savings Boost of
$3,084 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Crescent Bank Interest Earned $3,404

 

 

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

Crescent Bank Scenario

Rate:
2.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 440 308
2 20,440 450 315
3 20,890 460 322
4 21,349 470 329
5 21,819 480 336
6 22,299 491 343
7 22,790 501 351
8 23,291 512 359
9 23,803 524 367
10 24,327 535 375
TOTAL: $4,862 $3,404

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
August 20, 2023 2.20%


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Customer Reviews for Crescent Bank


  • April 9, 2016

    CDs 36 Month Rates

    The two women, Shawn and Marcie, were very nice to me and accommodated my every transaction.

  • December 30, 2014

    how do I invest in a cd from your bank..I am in mass.

  • December 23, 2014

    Do you accept deposits from Illinois residents?

  • December 16, 2014

    Do you accept deposits from California Residents?


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