Compound Interest Calculator
Money Market Account from Vio Bank, A Division of MidFirst Bank with 4.90% APY and $100 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Vio Bank, A Division of MidFirst Bank with 4.90% APY and $100 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 $32,269. The interest earned would be $12,269 and the tax amount on the interest earned would be approximately $3,681.

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 Vio Bank, A Division of MidFirst Bank

Savings Boost of
$8,269 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Vio Bank, A Division of MidFirst Bank Interest Earned $8,588

 

 

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

Vio Bank, A Division of MidFirst Bank Scenario

Rate:
4.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 980 686
2 20,980 1,028 720
3 22,008 1,078 755
4 23,086 1,131 792
5 24,218 1,187 831
6 25,404 1,245 871
7 26,649 1,306 914
8 27,955 1,370 959
9 29,325 1,437 1,006
10 30,762 1,507 1,055
TOTAL: $12,269 $8,588

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 4, 2024 4.90%
October 16, 2024 5.05%
September 20, 2024 5.20%
November 17, 2023 5.30%
November 3, 2023 5.28%
August 20, 2023 5.15%


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: ↓0.05% on September 27.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.



Customer Reviews for Vio Bank, A Division of MidFirst Bank


  • December 21, 2023 |

    Very easy to setup 6 month 5.35% CD from cornerstone account

  • August 8, 2023 |

    I applied for an savings account online with this particular financial institution and was, ultimately, denied without a reason or explanation of why. It refused to release the reason(s) for denying the account application. I would NOT recommend this particular financial institution for any type of financial products or services.S

  • June 10, 2023 |

    helpful folks but not a frictionless process like Marcus or Ally.

  • May 22, 2023 |

    Transfers and external accounts all set up in three days.

  • May 19, 2023

    Excellent help setting up the Cornerstone.


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