Compound Interest Calculator
Money Market Account from Oconee State Bank with 0.20% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Oconee State Bank with 0.20% APY and $25,000 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 $20,404. The interest earned would be $404 and the tax amount on the interest earned would be approximately $121.

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

The Results for Oconee State Bank

Savings Boost of
$-36 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Oconee State Bank Interest Earned $283

 

 

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

Oconee State Bank Scenario

Rate:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

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.



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 Oconee State Bank


  • March 29, 2021

    I have had problems with Oconee State Bank blocking purchases I made online from a legitimate business for pet products. They block it because the seller is in the UK, even though I have purchased from the seller many times and been pleased. OSB still interferes with my purchases. I have met with them and been promised the filter is removed so I can purchase. Still every time I purchase they block it. I have emailed them to no avail. They reply but my purchases are still blocked even though they say they will remove the filter. I can't drive to the UK to make these purchases - I have to order them online. OSB has no business interfering with my regular purchases from secure legitimate sources that many people buy from. I am sick and tired of going round and round with OSB about this. They are incompetent.


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