Compound Interest Calculator
Money Market Account from Fourth Capital Bank with 0.45% APY and $25,000 minimum deposit

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The product Money Market Account from Fourth Capital Bank with 0.45% 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 $20,918. The interest earned would be $918 and the tax amount on the interest earned would be approximately $276.

Please note that this product is available in Tennessee 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 Volunteer State Bank.

The Results for Fourth Capital Bank

Savings Boost of
$323 over 10 years

Cash Savings $20,000

Average Interest Earned $320

Fourth Capital Bank Interest Earned $643

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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

Fourth Capital Bank Scenario

	Rate: 0.45%	Annual Interest	Annual Interest (After Tax)
1	20,000	90	63
2	20,090	90	63
3	20,180	91	64
4	20,271	91	64
5	20,362	92	64
6	20,454	92	64
7	20,546	92	65
8	20,639	93	65
9	20,731	93	65
10	20,825	94	66
	TOTAL:	$918	$643

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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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Compound Interest Calculator Money Market Account from Fourth Capital Bank with 0.45% APY and $25,000 minimum deposit