Compound Interest Calculator
Money Market Account from TotalDirect, a division of City National Bank of Florida with 4.01% APY and $2,500 minimum deposit
Use or Change These Amounts and Rates
The product Money Market Account from TotalDirect, a division of City National Bank of Florida with 4.01% 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 $29,633. The interest earned would be $9,633 and the tax amount on the interest earned would be approximately $2,890.
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 TotalDirect, a division of City National Bank of Florida
Savings Boost of
$6,412 over 10 years
$6,412 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
TotalDirect, a division of City National Bank of Florida Interest Earned
$6,743
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 |
TotalDirect, a division of City National Bank of Florida Scenario
| Rate: 4.01% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 802 | 561 |
| 2 | 20,802 | 834 | 584 |
| 3 | 21,636 | 868 | 607 |
| 4 | 22,504 | 902 | 632 |
| 5 | 23,406 | 939 | 657 |
| 6 | 24,345 | 976 | 683 |
| 7 | 25,321 | 1,015 | 711 |
| 8 | 26,336 | 1,056 | 739 |
| 9 | 27,392 | 1,098 | 769 |
| 10 | 28,491 | 1,142 | 800 |
| TOTAL: | $9,633 | $6,743 |
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Recent Rate Changes
| Date | APY |
|---|---|
| December 23, 2025 | 4.01% |
| September 18, 2025 | 4.26% |
| April 18, 2025 | 4.41% |
| March 20, 2025 | 4.47% |
| February 4, 2025 | 4.51% |
| December 27, 2024 | 4.67% |
| December 4, 2024 | 4.86% |
| November 16, 2024 | 5.01% |
| October 17, 2024 | 5.11% |
| August 20, 2023 | 5.26% |
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑0.65% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.45% |
$500 |
Learn More | |
|
Last change: ↑0.40% on April 27. |
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|
|
4.45% |
$500 |
Learn More | |
|
Last change: ↑0.38% on April 27. |
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Customer Reviews for Total Bank, a division of City National Bank of Florida
1.9 out of 5 based on 9 ratings
79Thru
March 21, 2023 |
Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment.
Is this review helpful? Yes:7 / No: 0
james
August 31, 2022 |
you can view but you wont get in. application can't go through, they can't help even you called, Bank just make show they exit.
Is this review helpful? Yes:4 / No: 2
SandyB
August 25, 2020 |
Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure!
Is this review helpful? Yes:8 / No: 0
jason petro
December 1, 2019 |
It says: "Please note: TotalDirectBank can conduct business anywhere in the US with the exception of California, Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, Puerto Rico and US Virgin Islands." Nice of them to say twice that they won't do business with people from PR!
Is this review helpful? Yes:6 / No: 5
annoyed
November 7, 2019 |
More than a handful of annoying things but I finally go the account opened. It won't work for you if you live in Florida, California, Hawaii, Guam, etc.
Is this review helpful? Yes:8 / No: 0
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