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.
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 | 44 | 31 |
| 2 | 20,044 | 44 | 31 |
| 3 | 20,088 | 44 | 31 |
| 4 | 20,133 | 44 | 31 |
| 5 | 20,177 | 45 | 31 |
| 6 | 20,222 | 45 | 31 |
| 7 | 20,267 | 45 | 31 |
| 8 | 20,311 | 45 | 31 |
| 9 | 20,356 | 45 | 31 |
| 10 | 20,401 | 45 | 32 |
| TOTAL: | $446 | $312 |
| 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 |
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.
| Date | APY |
|---|---|
| October 3, 2023 | 0.02% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
6.00% |
$5,000 |
Learn More | |
|
5 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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|
|
5.51% |
$25,000 |
Learn More | |
|
Last change: ↓0.15% on May 13. |
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|
|
5.46% |
$1,000 |
Learn More | |
|
Last change: ↓0.05% on May 9. |
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|
|
5.45% |
$50,000 |
Learn More | |
|
Last change: ↓0.04% on July 5. |
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|
|
5.40% |
$500 |
Learn More | |
|
Last change: ↑0.90% on May 7. |
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Customer Reviews for JPMorgan Chase Bank, National Association
Hayley7788d@outlook.com
January 2, 2023 |
Terrible customer service by investment side. Fees too high , too full of themselves
Is this review helpful? Yes:1 / No: 0
Betrayed by Chase
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.
Is this review helpful? Yes:0 / No: 0
Bob
April 20, 2019 |
Do not even ask about these rates. They will treat you like you are an idiot for asking about such rates.
Is this review helpful? Yes:4 / No: 0
jophus
March 18, 2019
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%.
Is this review helpful? Yes:5 / No: 0
Darren Devault
December 8, 2016
Credit score of 720
Is this review helpful? Yes:3 / No: 1
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