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.
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 | 20,090 | 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 |
| 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 |
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.
| Date | APY |
|---|---|
| August 20, 2023 | 2.20% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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|
|
5.00% |
$500 |
Learn More | |
|
Last change: ↑3.00% on August 7. |
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|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
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Customer Reviews for Crescent Bank
ltriemer
April 9, 2016
The two women, Shawn and Marcie, were very nice to me and accommodated my every transaction.
Is this review helpful? Yes:1 / No: 0
john pearce
December 30, 2014
how do I invest in a cd from your bank..I am in mass.
Is this review helpful? Yes:4 / No: 2
Judy
December 23, 2014
Do you accept deposits from Illinois residents?
Is this review helpful? Yes:4 / No: 2
Roland Dion
December 16, 2014
Do you accept deposits from California Residents?
Is this review helpful? Yes:1 / No: 5
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