Compound Interest Calculator
Money Market Account from First Fidelity Bank with 0.05% APY and $2,500 minimum deposit

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The product Money Market Account from First Fidelity Bank with 0.05% 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 $20,100. The interest earned would be $100 and the tax amount on the interest earned would be approximately $30.

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

The Results for First Fidelity Bank

Savings Boost of
$-249 over 10 years

Cash Savings $20,000

Average Interest Earned $320

First Fidelity Bank Interest Earned $70

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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

First Fidelity Bank Scenario

	Rate: 0.05%	Annual Interest	Annual Interest (After Tax)
1	20,000	10	7
2	20,010	10	7
3	20,020	10	7
4	20,030	10	7
5	20,040	10	7
6	20,050	10	7
7	20,060	10	7
8	20,070	10	7
9	20,080	10	7
10	20,090	10	7
	TOTAL:	$100	$70

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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.

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Customer Reviews for First Fidelity Bank

Dianna Jackson

December 1, 2022 |

I have banked at First Fidelity since 1991 I think. Their banking staff has always been so helpful. I had a person years ago take one of my blank check and cashed it for 250.00. I caught it right away and went to the bank. I've long since forgotten the bankers name but he walked me through the steps and we got the situation handled. I moved to Alabama in 2018 but I continue to keep my accounts with First Fidelity. Their Help desk has kept me straight and they are very patient with this old lady. Everything is working fine and I wouldn't think of banking anywhere else.

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Compound Interest Calculator Money Market Account from First Fidelity Bank with 0.05% APY and $2,500 minimum deposit