The product CD Account from Prosperity Bank with 0.60% 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 $21,233. The interest earned would be $1,233 and the tax amount on the interest earned would be approximately $370.
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 | 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 |
| Rate: 0.60% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 120 | 84 |
| 2 | 20,120 | 121 | 85 |
| 3 | 20,241 | 121 | 85 |
| 4 | 20,362 | 122 | 86 |
| 5 | 20,484 | 123 | 86 |
| 6 | 20,607 | 124 | 87 |
| 7 | 20,731 | 124 | 87 |
| 8 | 20,855 | 125 | 88 |
| 9 | 20,980 | 126 | 88 |
| 10 | 21,106 | 127 | 89 |
| TOTAL: | $1,233 | $863 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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%. |
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|
|
5.66% |
$25,000 |
Learn More | |
|
Last change: ↑0.46% on December 15, 2023. |
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|
|
5.50% |
$500 |
Learn More | |
|
Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
Learn More | |
|
Last change: ↓0.05% on March 15. |
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|
|
5.49% |
$50,000 |
Learn More | |
|
Last change: ↑0.09% on March 12. |
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Customer Reviews for Prosperity Bank
Jettdawg
February 17, 2022 |
Worst bank ever. Buying everyone and screwing them up.
Is this review helpful? Yes:0 / No: 0
c. lytle
September 2, 2021 |
very good bank-i have never had a problem with them in over 25 years. the staff are very nice employees and very respectful
Is this review helpful? Yes:1 / No: 0
Dallas exec
July 1, 2021 |
Loved Legacy. Can only echo all that’s been said here. This bank is the worst banking provider that I’ve encountered in my 68 years. Can’t wait to get away.
Is this review helpful? Yes:0 / No: 0
Frustrated_Txn
September 18, 2020 |
HORRIBLE bank, terrible and unsafe practices. Loved Legacy Texas, but this replacement is the pits. Want a long, complex password to safeguard your accounts?? Can't have one, because their website doesn't allow the use of password managers. You have to remember and type in short, simple, and thus easy to hack stuff every time. RUN, do not walk, away from this bank.
Is this review helpful? Yes:2 / No: 0
Why We Are Leaving Properity Bank.
August 3, 2020
I absolutely loved LegacyTexas before they were taken over by Prosperity Bank. The customer service is terrible. They started charging multiple fees that LegacyTexas never charged us. We are leaving Prosperity for Chase Bank.
Is this review helpful? Yes:0 / No: 0
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