The product Money Market Account from Savers Co-operative Bank with 0.35% APY and $500,000 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 $20,711. The interest earned would be $711 and the tax amount on the interest earned would be approximately $213.
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 | 20,090 | 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 |
| Rate: 0.35% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 70 | 49 |
| 2 | 20,070 | 70 | 49 |
| 3 | 20,140 | 70 | 49 |
| 4 | 20,211 | 71 | 50 |
| 5 | 20,281 | 71 | 50 |
| 6 | 20,352 | 71 | 50 |
| 7 | 20,424 | 71 | 50 |
| 8 | 20,495 | 72 | 50 |
| 9 | 20,567 | 72 | 50 |
| 10 | 20,639 | 72 | 51 |
| TOTAL: | $711 | $498 |
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 |
|---|---|
| October 28, 2024 | 0.35% |
| October 28, 2024 | 3.50% |
| October 21, 2024 | 0.35% |
| October 21, 2024 | 3.50% |
| October 14, 2024 | 0.35% |
| October 14, 2024 | 3.50% |
| October 7, 2024 | 0.35% |
| October 7, 2024 | 3.50% |
| September 30, 2024 | 0.35% |
| September 30, 2024 | 3.50% |
| September 23, 2024 | 0.35% |
| September 23, 2024 | 3.50% |
| September 22, 2024 | 0.35% |
| September 22, 2024 | 3.50% |
| September 16, 2024 | 0.35% |
| September 16, 2024 | 3.50% |
| September 13, 2024 | 0.35% |
| September 13, 2024 | 3.50% |
| September 9, 2024 | 0.35% |
| September 9, 2024 | 3.50% |
| September 6, 2024 | 0.35% |
| September 6, 2024 | 3.50% |
| September 2, 2024 | 0.35% |
| September 2, 2024 | 3.50% |
| August 31, 2024 | 0.35% |
| August 31, 2024 | 3.50% |
| August 26, 2024 | 0.35% |
| August 26, 2024 | 3.50% |
| August 19, 2024 | 0.35% |
| August 19, 2024 | 3.50% |
| August 16, 2024 | 0.35% |
| August 16, 2024 | 3.50% |
| August 12, 2024 | 0.35% |
| August 12, 2024 | 3.50% |
| August 7, 2024 | 0.35% |
| August 7, 2024 | 3.50% |
| August 5, 2024 | 0.35% |
| August 5, 2024 | 3.50% |
| August 2, 2024 | 0.35% |
| August 2, 2024 | 3.50% |
| July 29, 2024 | 0.35% |
| July 29, 2024 | 3.50% |
| July 22, 2024 | 0.35% |
| July 22, 2024 | 3.50% |
| July 15, 2024 | 0.35% |
| July 15, 2024 | 3.50% |
| July 8, 2024 | 0.35% |
| July 8, 2024 | 3.50% |
| July 1, 2024 | 0.35% |
| July 1, 2024 | 3.50% |
| June 24, 2024 | 0.35% |
| June 24, 2024 | 3.50% |
| June 17, 2024 | 0.35% |
| June 17, 2024 | 3.50% |
| June 10, 2024 | 0.35% |
| June 10, 2024 | 3.50% |
| June 3, 2024 | 0.35% |
| June 3, 2024 | 3.50% |
| May 27, 2024 | 0.35% |
| May 27, 2024 | 3.50% |
| May 20, 2024 | 0.35% |
| May 20, 2024 | 3.50% |
| May 13, 2024 | 0.35% |
| May 13, 2024 | 3.50% |
| May 6, 2024 | 0.35% |
| May 6, 2024 | 3.50% |
| April 29, 2024 | 0.35% |
| April 29, 2024 | 3.50% |
| April 23, 2024 | 0.35% |
| April 23, 2024 | 3.50% |
| April 10, 2024 | 0.35% |
| April 10, 2024 | 3.50% |
| April 2, 2024 | 0.35% |
| April 2, 2024 | 3.50% |
| March 26, 2024 | 0.35% |
| March 26, 2024 | 3.50% |
| March 19, 2024 | 0.35% |
| March 19, 2024 | 3.50% |
| March 14, 2024 | 0.35% |
| March 14, 2024 | 3.50% |
| February 23, 2024 | 0.35% |
| February 23, 2024 | 3.50% |
| February 20, 2024 | 0.35% |
| February 20, 2024 | 3.50% |
| February 13, 2024 | 0.35% |
| February 13, 2024 | 3.50% |
| February 9, 2024 | 0.35% |
| February 9, 2024 | 3.50% |
| February 6, 2024 | 0.35% |
| February 6, 2024 | 3.50% |
| February 2, 2024 | 0.35% |
| February 2, 2024 | 3.50% |
| January 30, 2024 | 0.35% |
| January 30, 2024 | 3.50% |
| January 26, 2024 | 0.35% |
| January 26, 2024 | 3.50% |
| January 23, 2024 | 0.35% |
| January 23, 2024 | 3.50% |
| January 19, 2024 | 0.35% |
| January 19, 2024 | 3.50% |
| January 16, 2024 | 0.35% |
| January 16, 2024 | 3.50% |
| January 12, 2024 | 0.35% |
| January 12, 2024 | 3.50% |
| January 9, 2024 | 0.35% |
| January 9, 2024 | 3.50% |
| January 5, 2024 | 0.35% |
| January 5, 2024 | 3.50% |
| January 2, 2024 | 0.35% |
| December 29, 2023 | 3.50% |
| December 29, 2023 | 1.00% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
||||
|
|
5.00% |
$500 |
Learn More | |
|
Last change: ↑3.00% on August 7. |
||||
|
|
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. |
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|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
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