Compound Interest Calculator
Money Market Account from North Easton Savings Bank with 3.25% APY and $10 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from North Easton Savings Bank with 3.25% 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 $27,538. The interest earned would be $7,538 and the tax amount on the interest earned would be approximately $2,261.

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 Easton Savings Bank

Savings Boost of
$4,957 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
North Easton Savings Bank Interest Earned $5,277

 

 

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 20,091 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

North Easton Savings Bank Scenario

Rate:
3.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 650 455
2 20,650 671 470
3 21,321 693 485
4 22,014 715 501
5 22,730 739 517
6 23,468 763 534
7 24,231 788 551
8 25,018 813 569
9 25,832 840 588
10 26,671 867 607
TOTAL: $7,538 $5,277

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
October 7, 2024 3.25%
December 28, 2023 3.50%
December 28, 2023 3.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

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

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.25% on October 16.



Customer Reviews for North Easton Savings Bank


  • 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!!

  • 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!!


Add Your Review


or use your BestCashCow account

or