The product Money Market Account from North Easton Savings Bank with 3.20% APY and $10 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 $27,405. The interest earned would be $7,405 and the tax amount on the interest earned would be approximately $2,221.
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 | 20,091 | 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: 3.20% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 640 | 448 |
| 2 | 20,640 | 660 | 462 |
| 3 | 21,300 | 682 | 477 |
| 4 | 21,982 | 703 | 492 |
| 5 | 22,686 | 726 | 508 |
| 6 | 23,411 | 749 | 524 |
| 7 | 24,161 | 773 | 541 |
| 8 | 24,934 | 798 | 559 |
| 9 | 25,732 | 823 | 576 |
| 10 | 26,555 | 850 | 595 |
| TOTAL: | $7,405 | $5,183 |
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.
| Date | APY |
|---|---|
| November 25, 2024 | 3.20% |
| October 7, 2024 | 3.25% |
| December 28, 2023 | 3.50% |
| December 28, 2023 | 3.00% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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. |
||||
|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↓0.09% on December 7. |
||||
|
|
4.75% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on November 25. |
||||
|
|
4.70% |
$1,000 |
Learn More | |
|
Last change: ↑0.70% on December 7. |
||||
Customer Reviews for North Easton Savings Bank
CS
September 3, 2020
Went in to open accounts in Middleboro foy my husband and myself as well as one for my grandson. Without being invited into an office I was asked from across the room if I was opening accounts for the children ( my 3 grandsons were with me)..I said yes for the oldest and for myself. I was asked if we had my grandson's birth certificate and social security card. We did not..I had called earlier to inquire about account availability for minors..that would have been a goid time to let me know we would need those documents. I was nevet asked what kind of accounts I wanted to open. Having worked in the Branch Banking girld for over 30 yeats I have to call them out for really bad customer service. I woild never have turned a potential new customer away. I have opened hundreds of savings accounts for minors and have never been required by any of the banks I have worked to do so. She did not ask if he would be a signer or a beneficiary. I did not feel welcomed..it was lunch time...I know it's annoying when customers come in at lunch time and I truly think the woman just wanted to get her lunch break. Maybe it was the kids..not sure but I did nit feel welcome and will not be bringing my banking relationship to this bank. Since they didn't ask they don't even know what my relationship consists of...their loss!!
Is this review helpful? Yes:0 / No: 0
Irritated customer
July 7, 2020
Customer support is totally useless. The bank locked me out of my accounts because my mother died and they were too stupid to read the paperwork. They determined that I had died instead. Now they can’t understand that they screwed up and keep passing me off to different people. Worst bank ever!!
Is this review helpful? Yes:0 / No: 0
Add Your Review
or use your BestCashCow account