The product Money Market Account from AVB Bank with 0.12% APY 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 $20,241. The interest earned would be $241 and the tax amount on the interest earned would be approximately $72.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account
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.
| Rate: 0.22% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 43 | 30 |
| 2 | 20,043 | 43 | 30 |
| 3 | 20,086 | 43 | 30 |
| 4 | 20,129 | 43 | 30 |
| 5 | 20,173 | 43 | 30 |
| 6 | 20,216 | 43 | 30 |
| 7 | 20,259 | 44 | 30 |
| 8 | 20,303 | 44 | 31 |
| 9 | 20,347 | 44 | 31 |
| 10 | 20,390 | 44 | 31 |
| TOTAL: | $434 | $304 |
| Rate: 0.12% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 24 | 17 |
| 2 | 20,024 | 24 | 17 |
| 3 | 20,048 | 24 | 17 |
| 4 | 20,072 | 24 | 17 |
| 5 | 20,096 | 24 | 17 |
| 6 | 20,120 | 24 | 17 |
| 7 | 20,144 | 24 | 17 |
| 8 | 20,169 | 24 | 17 |
| 9 | 20,193 | 24 | 17 |
| 10 | 20,217 | 24 | 17 |
| TOTAL: | $241 | $169 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
6.00% |
$5,000 |
Learn More | |
|
6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%. |
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|
|
5.66% |
$25,000 |
Learn More | |
|
Last change: ↑0.46% on December 15, 2023. |
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|
|
5.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
Learn More | |
|
Last change: ↓0.05% on March 15. |
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|
|
5.49% |
$50,000 |
Learn More | |
|
Last change: ↑0.09% on March 12. |
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Customer Reviews for AVB Bank
should be valued customer
April 22, 2022 |
I am considering finding another bank to do business with
Is this review helpful? Yes:0 / No: 0
should be valued customer
April 22, 2022 |
dealing with avb bank at 51st & Mingo in Tulsa this is one location you should avoid at ALL cost I have never in all the years of dealing with bankers been so badly treated by the lady manager there ( if you could call her a lady ha ha, who should be fired ) thought she had the right to chew me out over her perceived biases. the staff at that location is poorly trained and defiantly not helpful as reflected by their manager. I guess that they forgot that the customer is the reason their in business. I went to a different branch in broken arrow and was treated 100% better asking the teller to do the exact same transaction that I asked their other bank to do and wouldn't do, he was friendly and did not argue with me as their other branch did
I will not be doing business with the 51st branch ever again. upper management you need to take this seriously if you dont think customer service is important and the way management treats coutomers
Is this review helpful? Yes:0 / No: 0
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