Compound Interest Calculator
Money Market Account from Priority Bank with 0.10% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Priority Bank with 0.10% 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 $20,201. The interest earned would be $201 and the tax amount on the interest earned would be approximately $60.

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

The Results for Priority Bank

Savings Boost of
$-170 over 10 years
Cash Savings $20,000
Average Interest Earned $311

 
Priority Bank Interest Earned $141

 

 

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

Priority Bank Scenario

Rate:
0.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 20 14
2 20,020 20 14
3 20,040 20 14
4 20,060 20 14
5 20,080 20 14
6 20,100 20 14
7 20,120 20 14
8 20,140 20 14
9 20,161 20 14
10 20,181 20 14
TOTAL: $201 $141

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?

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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 Priority Bank


  • December 2, 2020 |

    Only gave it one star because we had to. We were referred to Priority Bank by Rausch and Coleman homes as we purchased a house from them. That is the only reason we even started a home mortgage with them. They have the most rude, unprofessional and degrading employees. Their customer service is horrendous. When we complained, all we got was an apology. First, their representative, Mauricio and boss, Kelli Franks, told us to show up at the Mission Blvd. branch. Even in COVID-19, we wanted to do that, so that our identities could be verified and so that we could provide copies of any needed documents. Mind you, we showed up with seniors above 80 years of age. Far from it being a step towards informing us about the loan or processing it, they type-casted us because we weren't white. On top of that, I, as a female, was summoned by their representative, Mauricio, to his office where His Highness did not even budge from his seat as I stood before him repeating that I am here, with the seniors and all documents because YOU and I made an appointment (I made that painstakingly after calling that guy for a follow-up several times!). I stood there talking as if I was a beggar. At some point, I seated myself. The guy's desk was clear. He was too busy showing off his muscles and probably thought he looked handsome or a big shot or something. I am a very busy person and moved around a lot of things to show up there with seniors. So, I ignored. The Bank never even opened a file on our case. I made several follow-up calls and sent emails to be prepared for any other mortgage related issues in time for the closing. Not only did I never get a response, but on the fly, Mauricio and Kelli Frank told us to move 100k+ worth of money between banks and accounts to ensure that we would have the down payment WE decided to put down at the time of closing. No, you have no right to tell people to move money or show you any money before you have processed a loan application and are ready to take interest rates. Even after that, the negligence continued. We called, emailed and texted them several times and they disappeared. 1.5 months later, their representative, Mauricio, got back to us and asked us where we were at 1.5 months ago with the money moving and showing! I still reminded him and wanted this to go smoothly because Rausch and Coleman Homes had pointed us towards them. Again, nothing. Then suddenly, Thanksgiving Day, he emails on how everything needs to be done. The guy did not even have the borrower's name right on the lending documents for which I had already provided all license copies! Next, he starting texting and emailing with smiley faces Sunday after Thanksgiving, late in the evening to see if I got his emails. Never once in his emails did the guy even have the courtesy to address his client properly. Emails just started without salutations or greetings. If I asked a question by email, there was never a response. We finally decided to put full cash down on the house because guess what? The brown seniors Priority Bank on Mission Blvd. saw actually had money in their pockets! Kelli, the supervisor, simply put through a phone call to apologize after it was all over. The representative is still there. She never had a file to look into the case, so obviously she was not going to solve any issues or take up the case herself...so much for being a supervisor!
    We are NOT first time home buyers. Not a single bank from BoA, to Wells Fargo to Arvest has treated us poorly let alone so degradingly. Hope Rausch and Coleman Homes make a note of this as they have recently purchased a lot of property to build similar homes in other towns of Arkansas.


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