Compound Interest Calculator
Money Market Account from SUN EAST with 3.20% APY and $2,500 minimum deposit
Use or Change These Amounts and Rates
The product Money Market Account from SUN EAST with 3.20% 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 $27,405. The interest earned would be $7,405 and the tax amount on the interest earned would be approximately $2,221.
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 SUN EAST
Savings Boost of
$4,852 over 10 years
$4,852 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
SUN EAST Interest Earned
$5,183
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: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
SUN EAST Scenario
| Rate: 3.20% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 640 | 448 |
| 2 | 20,640 | 660 | 462 |
| 3 | 21,300 | 682 | 477 |
| 4 | 21,982 | 703 | 492 |
| 5 | 22,686 | 726 | 508 |
| 6 | 23,411 | 749 | 524 |
| 7 | 24,161 | 773 | 541 |
| 8 | 24,934 | 798 | 559 |
| 9 | 25,732 | 823 | 576 |
| 10 | 26,555 | 850 | 595 |
| TOTAL: | $7,405 | $5,183 |
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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 |
|---|---|
| June 19, 2026 | 3.20% |
| April 12, 2024 | 0.30% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
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4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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Take your savings to the next level with our 12-month online CD special! 12-Month |
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|
4.65% |
$1,000 |
Learn More | |
|
Last change: ↑0.35% on September 25. |
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|
4.50% |
$500 |
Learn More | |
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Last change: ↑0.45% on April 27. |
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4.50% |
$500 |
Learn More | |
|
Last change: ↑0.43% on April 27. |
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|
|
4.50% |
$2,500 |
Learn More | |
|
Last change: ↑0.10% on September 25. |
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Customer Reviews for Sun East
2.0 out of 5 based on 1 rating
David Gibson
August 10, 2021
There does not seem to be anywhere that I can locate info as to what my membership rights are in relation to decision making for the Credit Union. This seems to be a problem for any institution that is supposedly owned by the members... I have requested from a staff person working in membership services as someone at the Credit Union management to send me that information and was told that they would request it for me.. I look forward to reading it if and when it arrives.
Is this review helpful? Yes:0 / No: 0
j martin
November 17, 2018 |
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Is this review helpful? Yes:0 / No: 0
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