Compound Interest Calculator
CD 1-year Account from Prosperity Bank with 0.60% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Prosperity Bank with 0.60% APY and $100,000 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 $21,233. The interest earned would be $1,233 and the tax amount on the interest earned would be approximately $370.

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

The Results for Prosperity Bank

Savings Boost of
$68 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
Prosperity Bank Interest Earned $863

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

Prosperity Bank Scenario

Rate:
0.60%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 120 84
2 20,120 121 85
3 20,241 121 85
4 20,362 122 86
5 20,484 123 86
6 20,607 124 87
7 20,731 124 87
8 20,855 125 88
9 20,980 126 88
10 21,106 127 89
TOTAL: $1,233 $863

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

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Customer Reviews for Prosperity Bank


  • February 17, 2022 |

    Worst bank ever. Buying everyone and screwing them up.

  • September 2, 2021 |

    very good bank-i have never had a problem with them in over 25 years. the staff are very nice employees and very respectful

  • July 1, 2021 |

    Loved Legacy. Can only echo all that’s been said here. This bank is the worst banking provider that I’ve encountered in my 68 years. Can’t wait to get away.

  • September 18, 2020 |

    HORRIBLE bank, terrible and unsafe practices. Loved Legacy Texas, but this replacement is the pits. Want a long, complex password to safeguard your accounts?? Can't have one, because their website doesn't allow the use of password managers. You have to remember and type in short, simple, and thus easy to hack stuff every time. RUN, do not walk, away from this bank.

  • August 3, 2020

    I absolutely loved LegacyTexas before they were taken over by Prosperity Bank. The customer service is terrible. They started charging multiple fees that LegacyTexas never charged us. We are leaving Prosperity for Chase Bank.


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