Compound Interest Calculator
Money Market Account from State Bank of Texas with 5.22% APY and $100,000 minimum deposit

Use or Change These Amounts and Rates

The product Money Market Account from State Bank of Texas with 5.22% APY and $100,000 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 $33,267. The interest earned would be $13,267 and the tax amount on the interest earned would be approximately $3,980.

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 State Bank of Texas

Savings Boost of
$8,976 over 10 years
Cash Savings $20,000
Average Interest Earned $311

State Bank of Texas Interest Earned $9,287



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

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

State Bank of Texas Scenario

Annual Interest
(After Tax)
1 20,000 1,044 731
2 21,044 1,098 769
3 22,142 1,156 809
4 23,298 1,216 851
5 24,515 1,280 896
6 25,794 1,346 943
7 27,141 1,417 992
8 28,557 1,491 1,043
9 30,048 1,569 1,098
10 31,617 1,650 1,155
TOTAL: $13,267 $9,287

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 20, 2023 5.22%

Featured CD Rates


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%.

Last change: ↓0.15% on May 13.
3 Month CD.

Last change: ↑0.09% on March 12.
6 Month Jumbo CD.

Last change: ↓0.05% on May 9.

Last change: ↓0.36% on March 12.
Early Withdrawal Penalty is 3 months interest.

Customer Reviews for State Bank of Texas (12)

  • October 5, 2023 |

    CDs 12 Month Rates

    You need to specifically indicate what you are applying your money to when you take out an account here. You could make a mistake and put your money on a lesser rate product than what's advertised. Otherwise its a great option for savers.

  • January 19, 2023

    CDs 12 Month Rates

    People read what you are looking at . . . this section is for CD's not money market accounts. Two different investments types, CD covered by insurance and money markets are not. Know what you are doing and use the correct language before giving anyone your money.

    However, no one should be surprised that the increased interest rates are very seldom passed on to the customer based on pure greed for profits or anticipated loan defaults. The higher the interest rate on loans & credit cards and low interest rates on savings, the more likely your money is at risk as FDIC back in 1987 said they didn't have the $150,000 to cover account loses. So what makes anyone believe the FDIC will able to cover $250,000 per account holder name. Hence if you have a $250,000 CD and a joint checking account with husband, you only get $250,000 coverage if you are lucky and forfeit half of the money in the checking if and when the bank fails. A little financial education goes a long way. So also check out a bank's derivative exposure, which puts them at greater risk of failure.

  • June 3, 2022 | | Replies 1

    Do not use this bank! Their money market accounts were showing online as some of the highest in the country so I opened an account. I noticed ongoing advertising of high rates but did not see these high rates being paid to my account. When I called "Christina" the "assistant manager" she said "those higher rates are for a 'different product'". Different product? Ridiculous! I had deposited the max covered by FDIC! She was also very obnoxious and kept interrupting me constantly so I could barely say anything. Also, when I requested a form to wire my money out of the account, she refused and said someone else would have to call and ID me and send me the form. AVOID THIS BANK AT ALL COSTS!

    | Jul 25, 2022

    I'm sorry for your experience. Please feel free to contact Tera Jennings at 972.252.6000 to resolve this matter.

  • January 15, 2022 |

    Online CDs 12 Month Rates

    It would be insanity to lock into a 1-year CD at 0.85 with this "bank" when they are paying 0.75% on a savings account and the Fed is going to hike to at least 1% by the middle of the year (and both CD and savings rates will be higher by then).

  • January 8, 2022

    This is misleading to list this on this site. The account cannot be easily opened online. They don't even answer the phone.

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