The product CD 6-month Account from FirstCapital Bank of Texas, National Association with 0.60% APY and $10,000 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 $21,233. The interest earned would be $1,233 and the tax amount on the interest earned would be approximately $370.
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.
Our records indicate that this institution has been acquired by Prosperity Bank.
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 | 20,091 | 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 |
| Rate: 0.60% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 120 | 84 |
| 2 | 20,120 | 121 | 85 |
| 3 | 20,241 | 121 | 85 |
| 4 | 20,362 | 122 | 86 |
| 5 | 20,484 | 123 | 86 |
| 6 | 20,607 | 124 | 87 |
| 7 | 20,731 | 124 | 87 |
| 8 | 20,855 | 125 | 88 |
| 9 | 20,980 | 126 | 88 |
| 10 | 21,106 | 127 | 89 |
| TOTAL: | $1,233 | $863 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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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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|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on October 28. |
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|
|
4.75% |
$1,500 |
Learn More | |
|
Last change: ↓0.25% on October 16. |
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Customer Reviews for FirstCapital Bank of Texas, National Association
Lawrence Richardson
June 17, 2022
Whatever you do, do not bank with this bank, especially if you are a trucker! Don't say I didn't warn you!! On this day, they suddenly shut down my business account, for no reason, after 2 years. No phonecall, or email before hand, just an old fashioned letter to my house. Yes a letter, in the digital age! And as an OTR trucker you know you only see your mail once in a while. When I called, they said I gave fraudulent info to open an account, it's just simply not true! Then said the account was labeled as fraudulent, which it is just absolutely not, it's a simple business account for trucking. Their unjustified actions have put me in a terrible position with my staff, and monthly bills, as it takes some time to reopen another business account. With proper digital notice, from this day and age, I could have opened up an account elsewhere and made a suitable transition.
Here's all the reason why you should NOT bank with them if you are a trucker, or anyone for that matter:
1. They are an old fashioned bank, completely out of touch with modern banking, at least 10 years behind.
2. Their app runs days behind in listing your transactions accurately, so no way to keep your budget organized.
3. You can't have more than one person on your business account.
4. Their app/website is frequently down, like 2-3 times a week.
5. They do not reimburse fraudulent charges to your account.
6. They won't block charges you disagree with.
7. PayPal doesn't work too well with them. Transferring money takes several days, but with other banks it's instant.
8. They may suddenly stop banking with you, and shut your account down, without notifying you in the modern way, like by email, text, or a call.
If you bank with them, after you read my review, you are a lunatic.
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