Compound Interest Calculator
Money Market Account from TotalDirect, a division of City National Bank of Florida with 4.47% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from TotalDirect, a division of City National Bank of Florida with 4.47% APY and $2,500 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 $30,970. The interest earned would be $10,970 and the tax amount on the interest earned would be approximately $3,291.

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 TotalDirect, a division of City National Bank of Florida

Savings Boost of
$7,361 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
TotalDirect, a division of City National Bank of Florida Interest Earned $7,679

 

 

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 20,090 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

TotalDirect, a division of City National Bank of Florida Scenario

Rate:
4.47%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 894 626
2 20,894 934 654
3 21,828 976 683
4 22,804 1,019 714
5 23,823 1,065 745
6 24,888 1,112 779
7 26,000 1,162 814
8 27,163 1,214 850
9 28,377 1,268 888
10 29,645 1,325 928
TOTAL: $10,970 $7,679

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
March 20, 2025 4.47%
February 4, 2025 4.51%
December 27, 2024 4.67%
December 4, 2024 4.86%
November 16, 2024 5.01%
October 17, 2024 5.11%
August 20, 2023 5.26%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.15% on March 22.

Last change: ↓0.50% on October 1, 2024.

Last change: ↑0.20% on January 18.

Last change: ↓0.15% on January 25.

Last change: ↓0.50% on February 25.



Customer Reviews for Total Bank, a division of City National Bank of Florida


  • March 21, 2023 |

    Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment.

  • August 31, 2022 |

    you can view but you wont get in. application can't go through, they can't help even you called, Bank just make show they exit.

  • August 25, 2020 |

    Online CDs 12 Month Rates

    Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure!

  • December 1, 2019 |

    It says: "Please note: TotalDirectBank can conduct business anywhere in the US with the exception of California, Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, Puerto Rico and US Virgin Islands." Nice of them to say twice that they won't do business with people from PR!

  • November 7, 2019 |

    More than a handful of annoying things but I finally go the account opened. It won't work for you if you live in Florida, California, Hawaii, Guam, etc.


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