Compound Interest Calculator
Money Market Account from Bank of Colorado with 3.56% APY and $300,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Bank of Colorado with 3.56% APY and $300,000 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 $28,376. The interest earned would be $8,376 and the tax amount on the interest earned would be approximately $2,513.

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 Bank of Colorado

Savings Boost of
$5,552 over 10 years
Cash Savings $20,000
Average Interest Earned $311

 
Bank of Colorado Interest Earned $5,863

 

 

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:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,132 44 31
5 20,177 44 31
6 20,221 44 31
7 20,265 45 31
8 20,310 45 31
9 20,355 45 31
10 20,400 45 31
TOTAL: $444 $311

Bank of Colorado Scenario

Rate:
3.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 712 498
2 20,712 737 516
3 21,449 764 535
4 22,213 791 554
5 23,004 819 573
6 23,823 848 594
7 24,671 878 615
8 25,549 910 637
9 26,459 942 659
10 27,400 975 683
TOTAL: $8,376 $5,863

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
December 4, 2023 3.56%


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Advertiser Disclosure
ONLINE BANKS APY? MIN?

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6-Month

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Customer Reviews for Bank of Colorado


  • February 7, 2020

    CDs 12 Month Rates

    I contacted the massage bank and they are not offering 2.02 it’s 1.10

  • February 7, 2020

    CDs 12 Month Rates

    I contacted the massage bank and they are not offering 2.02 it’s 1.10

  • March 13, 2019 |

    CDs 36 Month Rates

    The employees at the Longmont branch are very friendly. It takes no time at all to open an account and purchase a C.D.

  • July 26, 2018

    CDs 60 Month Rates

    I contacted their main branch in Fort Collins, CO. They claim they are not offering 3.28% on a 5 yr. CD w 110K Deposit.


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