Compound Interest Calculator
Money Market Account from First Bank of Coastal Georgia with 0.15% APY

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

First Bank of Coastal Georgia Rate (%):

Compound Interest Period:

Tax Rate:

Email (optional for newsletter registration)

Please leave this field blank

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

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 First Bank of Coastal Georgia

Savings Boost of
$-93 over 10 years

Cash Savings $20,000

Average Interest Earned $304

First Bank of Coastal Georgia Interest Earned $211

Compare

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	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

First Bank of Coastal Georgia 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

ONLINE BANKS	APY^?	MIN^?
Blue Foundry Bank	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%.
TotalDirect, a division of City National Bank of Florida	5.66%	$25,000	Learn More
Last change: ↑0.46% on December 15, 2023. 3 Month CD.
Bank5 Connect	5.50%	$500	Learn More
Last change: ↑0.20% on September 8, 2023. 6 Month CD.
Modern Bank, National Association	5.50%	$10,000	Learn More
Last change: ↓0.05% on March 15. 3 Month CD.
My e-Banc, a division of Bradesco BAC Florida Bank	5.49%	$50,000	Learn More
Last change: ↑0.09% on March 12. 6 Month Jumbo CD.

Compound Interest Calculator Money Market Account from First Bank of Coastal Georgia with 0.15% APY