Compound Interest Calculator
Money Market Account from FIRST FLORIDA with 1.38% APY and $25,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

FIRST FLORIDA Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product Money Market Account from FIRST FLORIDA with 1.38% APY and $25,000 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 $22,938. The interest earned would be $2,938 and the tax amount on the interest earned would be approximately $881.

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 FIRST FLORIDA

Savings Boost of
$1,737 over 10 years

Cash Savings $20,000

Average Interest Earned $320

FIRST FLORIDA Interest Earned $2,057

Compare

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

FIRST FLORIDA Scenario

	Rate: 1.38%	Annual Interest	Annual Interest (After Tax)
1	20,000	276	193
2	20,276	280	196
3	20,556	284	199
4	20,839	288	201
5	21,127	292	204
6	21,419	296	207
7	21,714	300	210
8	22,014	304	213
9	22,318	308	216
10	22,626	312	219
	TOTAL:	$2,938	$2,057

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 2, 2024	1.38%
December 1, 2023	1.39%
August 19, 2023	1.49%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↓0.09% on December 7. 6 Month Jumbo CD.
Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.
Rising Bank, a division of Midwest BankCentre	4.70%	$1,000	Learn More
Last change: ↑0.70% on December 7.

Customer Reviews for First Florida

ted

July 7, 2019

CDs 13 Month Rates

wrong rate!

Is this review helpful? Yes:0 / No: 0

Add Your Review

or use your BestCashCow account

Compound Interest Calculator Money Market Account from FIRST FLORIDA with 1.38% APY and $25,000 minimum deposit