Compound Interest Calculator
Savings Account from Mainstreet Community Bank of Florida with 0.20% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Mainstreet Community Bank of Florida with 0.20% APY and $2,500 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 $20,404. The interest earned would be $404 and the tax amount on the interest earned would be approximately $121.

Please note that this product is available in Florida and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Mainstreet Community Bank of Florida

Savings Boost of
$-30 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
Mainstreet Community Bank of Florida Interest Earned $283

 

 

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 20,133 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

Mainstreet Community Bank of Florida Scenario

Rate:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

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

Advertiser Disclosure
ONLINE BANKS APY? MIN?

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

12-Month

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

13-Month

Save for the things you want later. Easy online application.

7-Month

7-Month CD Special - Save for the things you want later. Easy online application.

6-Month

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%.



Customer Reviews for Mainstreet Community Bank of Florida


  • April 1, 2022 |

    This bank is the absolute worst along with [name redacted] and [name redacted]. Their communication is horrible, they lie and are negligent. They told me I was approved for a commercial loan so I moved forward with putting a LARGE non-refundable deposit down on a property only to find out 24 hours after that they could not move forward on the loan. They do not answer their phone, they are not timely manner and the reasons for disapproving the commercial loan were not accurate only trying to brush me off after messing around with 10s of thousands of dollars of mine.

  • January 29, 2022 |

    CDs 18 Month Rates

    Wonderful bank, great staff. Very competitive rates. We really appreciate the help from the staff at the Holly Hill location.

  • January 11, 2019 |

    1/2 star this Bank takes advantage of this Commercial Customer. I had a loan and my tenant in my building failed our contract agreement. This Bank charged me 18% interest. After 50 years of Banking I never would of believed they would raise my rate to 18%. To further my complaint they blamed their Atty Atty. HG Paul and when I called Atty. Paul he blamed the Bank! B.S. from both they don’t deserve any stars, they failed the Customer. Paul Kerouac Sr.


Add Your Review


or use your BestCashCow account

or