Compound Interest Calculator
Savings Account from Texas Capital Bank with 5.10% APY and $0 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Texas Capital Bank with 5.10% 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 $32,889. The interest earned would be $12,889 and the tax amount on the interest earned would be approximately $3,867.

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 Texas Capital Bank

Savings Boost of
$8,703 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Texas Capital Bank Interest Earned $9,023

 

 

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

Texas Capital Bank Scenario

Rate:
5.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,020 714
2 21,020 1,072 750
3 22,092 1,127 789
4 23,219 1,184 829
5 24,403 1,245 871
6 25,647 1,308 916
7 26,955 1,375 962
8 28,330 1,445 1,011
9 29,775 1,519 1,063
10 31,294 1,596 1,117
TOTAL: $12,889 $9,023

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.


Recent Rate Changes



Date APY
November 23, 2023 5.10%


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 Texas Capital Bank


  • August 26, 2023 |

    I have no issues with Bask Bank nor Texas Capital Bank. They provide good apy on savings and CD's, bank to keep funds secured so yes they do have strict security measures but if you don't like it than go to your local bank that pays 0.01 apy.

    Most of the time, the user did something to cause there account to get locked out, like a rapid ach transfer out, well why would you open a savings account than just to transfer it out a month later?! Don't open an online savings account than and you'll be fine.

  • September 21, 2022 |

    I opened an account with Bask, a subsidiary of Texas Capital Bank, funded the account, and several days later, Bask "disabled" my account without notifying me or providing any explanation. In other words, they held my account funds hostage for weeks. Only after I initiated an FDIC investigation, did Bask make an effort to communicate. Bask never disclosed as to why they shut me out of my account. Don't do it! Bask, a subsidiary of Texas Capital Bank, is a despicable institution: not worth the risk or the stress.


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