Compound Interest Calculator
Money Market Account from SUCCESS with 0.25% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from SUCCESS with 0.25% APY and $25,000 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 $20,506. The interest earned would be $506 and the tax amount on the interest earned would be approximately $152.

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 SUCCESS

Savings Boost of
$43 over 10 years
Cash Savings $20,000
Average Interest Earned $311

 
SUCCESS Interest Earned $354

 

 

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

SUCCESS Scenario

Rate:
0.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 50 35
2 20,050 50 35
3 20,100 50 35
4 20,150 50 35
5 20,201 51 35
6 20,251 51 35
7 20,302 51 36
8 20,353 51 36
9 20,404 51 36
10 20,455 51 36
TOTAL: $506 $354

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.



Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

13-Month Online CD - Save for the things you want later. Easy online application.

12-Month

Save for the things you want later. Easy online application.

13-Month

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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%.



Customer Reviews for Success


  • October 28, 2022 |

    Avoid!! They advertise locations as providing full service when that is incorrect. After months of waiting, we were made a select employer group a month or so back. One employee tried to open an account at their Forrest City location shortly thereafter. The lobby was permanently closed, so she filled out an application and turned it in at the drive through. She never heard a word back from them from them. When I received the complaint, I too tried to open an account and waited for days -- no response!

    Attempting to complain to someone who actually cared was impossible. Their Marketing Officer did not return calls in a timely manner then accused me of not calling. Their Executive Vice President acted as if he had no idea of how their business is operated and referred me back to said Marketing Officer. The President couldn't be contact as she and all of the above listed officers were "in a meeting", which I later learned was not true.

    Based on all of the above, I had my organization removed from their "Select Employer Group" listing. With service (or lack thereof) such as that, how could I trust them with my money or especially that of my employees?


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