Compound Interest Calculator
Savings Account from Watertown Savings Bank with 0.05% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Watertown Savings Bank with 0.05% 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 $20,100. The interest earned would be $100 and the tax amount on the interest earned would be approximately $30.

Please note that this product is available in Massachusetts and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Watertown Savings Bank

Savings Boost of
$-248 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Watertown Savings Bank Interest Earned $70

 

 

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

Watertown Savings Bank Scenario

Rate:
0.05%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 10 7
2 20,010 10 7
3 20,020 10 7
4 20,030 10 7
5 20,040 10 7
6 20,050 10 7
7 20,060 10 7
8 20,070 10 7
9 20,080 10 7
10 20,090 10 7
TOTAL: $100 $70

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.



Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Watertown Savings Bank


  • January 1, 2016

    I very much prefer banking here. Everyone is so friendly and know who is calling by voice. Your help getting me through this year where I did as much as possible to launch my business, CryoRain Inc., is ever so much appreciated. It should be completed by the end of January and I will get salary finally after 12 years of unpaid effort. We convert emergency management efforts, fire control, and flood control from a water based effort to Nitrogen gas sourced from liquid Nitrogen. That eliminates water damage and electrical arcing from fire recovery and eliminates icing in winter events. It will even enable victories over terrorist without collateral damage if the US Department of Defense would allow a woman's discovery to be used in its endeavors. It is so much quieter than bombing and allows refugees to return to their homes, not to the pile of rubble where they previously lived.


Add Your Review


or use your BestCashCow account

or