Compound Interest Calculator
Money Market Account from Simmons Bank with 0.05% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Simmons Bank with 0.05% 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 $20,100. The interest earned would be $100 and the tax amount on the interest earned would be approximately $30.

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 Simmons Bank

Savings Boost of
$-241 over 10 years
Cash Savings $20,000
Average Interest Earned $311

 
Simmons Bank Interest Earned $70

 

 

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

Simmons Bank Scenario

Rate:
0.05%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 10 7
2 20,010 10 7
3 20,020 10 7
4 20,030 10 7
5 20,040 10 7
6 20,050 10 7
7 20,060 10 7
8 20,070 10 7
9 20,080 10 7
10 20,090 10 7
TOTAL: $100 $70

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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Customer Reviews for Simmons Bank


  • September 19, 2019

    CDs 36 Month Rates

    No Specials are being offered. These rates are wrong.

  • September 19, 2019

    CDs 12 Month Rates

    Rates are around 2.0

  • July 17, 2019

    CDs 12 Month Rates

    1 yr. rate is 2.25 not 2.45

  • July 17, 2019

    CDs 12 Month Rates

    1 yr. rate is 2.25 not 2.45


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