Compound Interest Calculator
Savings Account from Rockland Trust Company with 0.01% APY and $0 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Rockland Trust Company with 0.01% APY and $0 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 $20,020. The interest earned would be $20 and the tax amount on the interest earned would be approximately $6.

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 Rockland Trust Company

Savings Boost of
$-306 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Rockland Trust Company Interest Earned $14

 

 

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

Rockland Trust Company Scenario

Rate:
0.01%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 2 1
2 20,002 2 1
3 20,004 2 1
4 20,006 2 1
5 20,008 2 1
6 20,010 2 1
7 20,012 2 1
8 20,014 2 1
9 20,016 2 1
10 20,018 2 1
TOTAL: $20 $14

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: ↓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 Rockland Trust Company


  • September 14, 2023 |

    Used them my whole life! Great little bank!

  • March 25, 2021 |

    Bunch of crooks.Closed my account and never returned my money.They said they would mail a registered letter with a check and why my account was closed.Its over a month and nothing.

  • December 27, 2018 |

    The worst on line banking I have experienced and seems to be getting worse


Add Your Review


or use your BestCashCow account

or