The product CD 6-month Account from SMW 104 with 0.40% APY and $10,000 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 $20,815. The interest earned would be $815 and the tax amount on the interest earned would be approximately $244.
Please note that this product is available in California and 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 | 20,091 | 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 |
| Rate: 0.40% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 80 | 56 |
| 2 | 20,080 | 80 | 56 |
| 3 | 20,160 | 81 | 56 |
| 4 | 20,241 | 81 | 57 |
| 5 | 20,322 | 81 | 57 |
| 6 | 20,403 | 82 | 57 |
| 7 | 20,485 | 82 | 57 |
| 8 | 20,567 | 82 | 58 |
| 9 | 20,649 | 83 | 58 |
| 10 | 20,732 | 83 | 58 |
| TOTAL: | $815 | $570 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↓0.09% on December 7. |
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|
|
4.75% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on November 25. |
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|
|
4.70% |
$1,000 |
Learn More | |
|
Last change: ↑0.70% on December 7. |
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Customer Reviews for Smw 104
Gdanalynn
December 17, 2022
Let me start by saying, this is a garbage institution. They do not carry cash at all. You have to go to another bank to withdraw the cash from your own account. What is the point of having an account here? Over the years I have seen how this bank Has not done their job, they never answer the phone even after they’re moved to Livermore, the staff there don’t follow through what they say they’re going to do they make constant mistakes on your account and your own money, they ignore the customers request and get it wrong because they don’t pay attention to what they’re doing there with your own money . What kind of bank doesn’t let their customers know that they’re own chip on their debit cards that they issued do not even work? What kind of bank doesn’t let customers know when they’re withholding funds for 15 to 20 days and don’t even bother letting you know that they’re doing that? what kind of bank does NOT pay attention to the actual account holder name to even legally hold funds on an order that is not even in the account holders name? Who does that? Incompetent staff there that don’t give a damn as long as it’s not their money but they’re quick to take your money and make money off of you having accounts in their bank to keep their jobs. We don’t trust them as far as we can throw them with any other accounts to open up there, as well as their financial advice to open up more accounts there which is ridiculous. I expect more from a crap bank and they’re way below that you’re better off putting your money in a mattress And having control of it and then having an account at this crap bank. I’m pretty sure they’re losing customers left and right there is no incentive for customers except for them making money off your money in their pockets. If I were you, I would take my money out of there and close your account here as soon as possible , because there are other credit unions that actually have cash in them that can give them to you in person and answer the phone and help you and are actually competent enough to do their job. This bank is on the lowest of the shit list.
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