Compound Interest Calculator
Money Market Account from Republic Bank of Arizona with 2.34% APY and $245,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Republic Bank of Arizona with 2.34% APY and $245,000 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 $25,205. The interest earned would be $5,205 and the tax amount on the interest earned would be approximately $1,561.

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

The Results for Republic Bank of Arizona

Savings Boost of
$3,331 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
Republic Bank of Arizona Interest Earned $3,643

 

 

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

Republic Bank of Arizona Scenario

Rate:
2.34%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 468 328
2 20,468 479 335
3 20,947 490 343
4 21,437 502 351
5 21,939 513 359
6 22,452 525 368
7 22,977 538 376
8 23,515 550 385
9 24,065 563 394
10 24,629 576 403
TOTAL: $5,205 $3,643

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.


Recent Rate Changes



Date APY
August 19, 2023 2.34%
August 18, 2023 2.34%


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%.