The product Money Market Account from Goldwater Bank, N.A. with 0.26% 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 $20,526. The interest earned would be $526 and the tax amount on the interest earned would be approximately $158.
Please note that this product is available in Arizona and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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 | 20,090 | 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 |
| Rate: 0.26% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 52 | 36 |
| 2 | 20,052 | 52 | 36 |
| 3 | 20,104 | 52 | 37 |
| 4 | 20,156 | 52 | 37 |
| 5 | 20,209 | 53 | 37 |
| 6 | 20,261 | 53 | 37 |
| 7 | 20,314 | 53 | 37 |
| 8 | 20,367 | 53 | 37 |
| 9 | 20,420 | 53 | 37 |
| 10 | 20,473 | 53 | 37 |
| TOTAL: | $526 | $368 |
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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|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
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|
|
4.90% |
$1,000 |
Learn More | |
|
Last change: ↓0.10% on October 1. |
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Customer Reviews for Goldwater Bank, N.A.
mobert52
September 26, 2018
Drove to PHX to open an acct. The listed address is VACANT. No info available for other branches. Found another listed branch office, office is vacant. Screw you Goldwater Bank, you want my money and you can't get your s$%& together. And why are you closing down all your branches? Very sketchy operation.
Is this review helpful? Yes:1 / No: 0
del
April 30, 2018
whats panelty for early withdrawal
Is this review helpful? Yes:0 / No: 0
Theresa Souza
August 22, 2016
I need a mortgage statement for Mortgage Account No. 909109670 please send it to 41 Repose Lane, East Wareham, Ma 02538 or please have someone call me at 508-615-8332 Thank you
Is this review helpful? Yes:1 / No: 1
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