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

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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
$1,738 over 10 years

Cash Savings $20,000

Average Interest Earned $318

FIRST FLORIDA Interest Earned $2,057

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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	20,090	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

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

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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.

Recent Rate Changes

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

Featured CD Rates

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My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
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Last change: ↓0.09% on October 17. 3 Month CD.
Norwood Bank	4.90%	$10,000	Learn More
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Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.

Customer Reviews for First Florida

ted

July 7, 2019

CDs 13 Month Rates

wrong rate!

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