Compound Interest Calculator
Savings Account from Relyance Bank, National Association with 0.08% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Relyance Bank, National Association with 0.08% 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 $20,161. The interest earned would be $161 and the tax amount on the interest earned would be approximately $48.

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 Relyance Bank, National Association

Savings Boost of
$-199 over 10 years
Cash Savings $20,000
Average Interest Earned $311

 
Relyance Bank, National Association Interest Earned $112

 

 

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

Relyance Bank, National Association Scenario

Rate:
0.08%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 16 11
2 20,016 16 11
3 20,032 16 11
4 20,048 16 11
5 20,064 16 11
6 20,080 16 11
7 20,096 16 11
8 20,112 16 11
9 20,128 16 11
10 20,144 16 11
TOTAL: $161 $112

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.



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