Compound Interest Calculator
Money Market Account from First Texas Bank with 0.01% APY and $2,500 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

First Texas Bank Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product Money Market Account from First Texas Bank with 0.01% 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 $20,020. The interest earned would be $20 and the tax amount on the interest earned would be approximately $6.

Please note that this product is available in Texas 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 Texas Bank

Savings Boost of
$-304 over 10 years

Cash Savings $20,000

Average Interest Earned $318

First Texas Bank Interest Earned $14

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	20,090	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 Texas Bank Scenario

	Rate: 0.01%	Annual Interest	Annual Interest (After Tax)
1	20,000	2	1
2	20,002	2	1
3	20,004	2	1
4	20,006	2	1
5	20,008	2	1
6	20,010	2	1
7	20,012	2	1
8	20,014	2	1
9	20,016	2	1
10	20,018	2	1
	TOTAL:	$20	$14

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
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.
Valley Direct, a division of Valley National Bank	5.00%	$500	Learn More
Last change: ↑3.00% on August 7.
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.
Norwood Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.

Compound Interest Calculator Money Market Account from First Texas Bank with 0.01% APY and $2,500 minimum deposit