Compound Interest Calculator
Savings Account from JPMorgan Chase Bank, National Association with 0.02% APY and $50,000 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from JPMorgan Chase Bank, National Association with 0.02% APY and $50,000 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 $20,040. The interest earned would be $40 and the tax amount on the interest earned would be approximately $12.

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 JPMorgan Chase Bank, National Association

Savings Boost of
$-283 over 10 years
Cash Savings $20,000
Average Interest Earned $311

 
JPMorgan Chase Bank, National Association Interest Earned $28

 

 

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

JPMorgan Chase Bank, National Association Scenario

Rate:
0.02%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 4 3
2 20,004 4 3
3 20,008 4 3
4 20,012 4 3
5 20,016 4 3
6 20,020 4 3
7 20,024 4 3
8 20,028 4 3
9 20,032 4 3
10 20,036 4 3
TOTAL: $40 $28

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
October 3, 2023 0.02%


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Customer Reviews for JPMorgan Chase Bank, National Association


  • January 2, 2023 |

    Terrible customer service by investment side. Fees too high , too full of themselves

  • September 7, 2021 |

    JP Morgan Chase coorporates with the new US government to freeze foreigner's bank account who are out of the State. JP Morgan Chase misuses the covid pandemic with travel and border restrictions to withhold foreigner's bank accounts who can't get back to the States anymore. They froze my account with 1500 US Dollars and withhold my money. And the best is that the financial regulators such as CFPB support them and ignore complaints.

  • April 20, 2019 |

    CDs 12 Month Rates

    Do not even ask about these rates. They will treat you like you are an idiot for asking about such rates.

  • March 18, 2019

    CDs 24 Month Rates

    You can not get this rate from your local Chase Bank. I called and was told that they could not qute me a rate on the phone so I drove to my local bank. The bank representative said the best rate they could provide was 2%. Whe I asked him to check with bestcashcow.com, he pulled it up and said there were never authorized to give out any rates above 3%.

  • December 8, 2016

    Credit score of 720


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