Compound Interest Calculator
Money Market Account from North Brookfield Savings Bank with 2.28% APY and $20,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from North Brookfield Savings Bank with 2.28% APY and $20,000 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 $25,057. The interest earned would be $5,057 and the tax amount on the interest earned would be approximately $1,517.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for North Brookfield Savings Bank

Savings Boost of
$3,222 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
North Brookfield Savings Bank Interest Earned $3,540

 

 

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

North Brookfield Savings Bank Scenario

Rate:
2.28%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 456 319
2 20,456 466 326
3 20,922 477 334
4 21,399 488 342
5 21,887 499 349
6 22,386 510 357
7 22,897 522 365
8 23,419 534 374
9 23,953 546 382
10 24,499 559 391
TOTAL: $5,057 $3,540

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.


Recent Rate Changes



Date APY
January 23, 2024 2.28%
January 23, 2024 1.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for North Brookfield Savings Bank


  • April 21, 2020 |

    Expect to not have e-mails responded to properly or phone calls returned. this is the type of institution that you will be dealing with if you go here


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