Compound Interest Calculator
Money Market Account from Whitaker Bank with 0.15% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Whitaker Bank with 0.15% 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 $20,302. The interest earned would be $302 and the tax amount on the interest earned would be approximately $91.

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

The Results for Whitaker Bank

Savings Boost of
$-107 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Whitaker Bank Interest Earned $211

 

 

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

Whitaker Bank Scenario

Rate:
0.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 30 21
2 20,030 30 21
3 20,060 30 21
4 20,090 30 21
5 20,120 30 21
6 20,150 30 21
7 20,181 30 21
8 20,211 30 21
9 20,241 30 21
10 20,272 30 21
TOTAL: $302 $211

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

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6 Month Jumbo CD.

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3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Whitaker Bank


  • November 18, 2020 |

    I had a charge that wasn't authorized, and they told me there is nothing they can do about it because in the past it was authorized. Are you serious? So if someone takes your card and goes to Walmart.com and buys stuff you're screwed if you ever shopped there before.
    Their mobile app doesn't work half the time and you can't deposit at the ATM for a checking account. No phone support on weekends. No international charging allowed without calling first (even on ebay). Employees are argumentative on the phones and slow in the lines. Whitaker bank is stuck in the 80s, I hate to write a bad review but you must avoid them, so much regret going to them!

  • June 28, 2017 |

    iwillaccepttenthousanddollars


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