The product Money Market Account from NAVY FEDERAL CREDIT UNION with 0.95% 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 $21,983. The interest earned would be $1,983 and the tax amount on the interest earned would be approximately $595.
Please note that 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: 0.95% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 190 | 133 |
| 2 | 20,190 | 192 | 134 |
| 3 | 20,382 | 194 | 136 |
| 4 | 20,575 | 195 | 137 |
| 5 | 20,771 | 197 | 138 |
| 6 | 20,968 | 199 | 139 |
| 7 | 21,167 | 201 | 141 |
| 8 | 21,369 | 203 | 142 |
| 9 | 21,572 | 205 | 143 |
| 10 | 21,776 | 207 | 145 |
| TOTAL: | $1,983 | $1,388 |
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. |
||||
|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
||||
|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
||||
|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
||||
|
|
4.85% |
$500 |
Learn More | |
|
Last change: ↓0.30% on October 3. |
||||
Customer Reviews for Navy Federal Credit Union
florenceadonies
November 13, 2024
I am writing this because I am just one of the few fortunate ones who got help in retrieving my lost investment. After some research, I realized that it's possible to retrieve crypto sent out of a crypto wallet if carried out by a professional crypto recovery specialist. I want to introduce you all to CYBER GENIE HACK PRO. This team of professional asset recovery specialists ensured all I had sent out was successfully recovered immediately after I hired them. I highly suggest CYBER GENIE HACK PRO as the best crypto asset specialist on the internet. Their professionalism, support, and communication are what kept me glued to them; All hope was lost at some time, but guess who restored my hope, CYBER GENIE HACK PRO.
Telegram - Cybergeniehackpro
Email - Cybergenie@cyberservices.com
Is this review helpful? Yes:0 / No: 0
Amanda Frank
February 25, 2023 |
HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They took our information for their "investigation." They never returned our calls or messages for months. Finally notified us after about 6 months we are responsible for this hack- we had nothing to do with this. They won't even release any information regarding "investigation" without a subpoena- thus we are having our lawyer send them one so we can fight this. DO NOT USE NAVY FEDERAL!!!!!!
Is this review helpful? Yes:6 / No: 2
donbilla
January 28, 2023 |
Wake up guys they now have a special that is special Check it out!
Is this review helpful? Yes:3 / No: 1
Chief Paul
October 6, 2022 |
I've been a member for 38+ years, so I believe what I say carries some weight. In recent months I have seen the interest rates go up and up for Mortgages, Personal Loans and Vehicle Loans. But! I don't see the rates that are paid for any of NFCU's Savings instruments. It's like they use a match for loan rates going up and ice cubes for savings rates going up. $100K+ should be paying more than 3.25%. The Federal 2 year Treasury Bills are paying 4%+. With us, the members, supposedly owners of NFCU, shouldn't we share with more of the profit?
Is this review helpful? Yes:10 / No: 1
Dev1ldog
October 4, 2022 |
39 years a member and this is not the credit union I remember. It doesn’t feel like the military is the mission or even close. Credits cards (rates & cashback), loan rates, dividends are always behind other financial organizations, which is why my business goes elsewhere. My loyalty has moved on.
Is this review helpful? Yes:7 / No: 0
Add Your Review
or use your BestCashCow account