Compound Interest Calculator
Money Market Account from Transportation Alliance Bank, Inc. d/b/a TAB Bank with 0.25% APY and $1 minimum deposit
Use or Change These Amounts and Rates
The product Money Market Account from Transportation Alliance Bank, Inc. d/b/a TAB Bank with 0.25% APY and $1 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 analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Transportation Alliance Bank, Inc. d/b/a TAB Bank
Savings Boost of
$23 over 10 years
$23 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Transportation Alliance Bank, Inc. d/b/a TAB Bank 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: 0.23% |
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 |
Transportation Alliance Bank, Inc. d/b/a TAB Bank 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 |
Get rate alerts on the go. Download our BestCashCow App.
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? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Decide once. Earn for a year. A full year of predictable earnings with our 12-Month Jumbo CD. 12-Month |
||||
|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
||||
|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
||||
|
|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
||||
|
|
4.75% |
$0 |
Learn More | |
|
Last change: ↑0.40% on October 11. |
||||
Customer Reviews for Transportation Alliance Bank, Inc. d/b/a TAB Bank
1.2 out of 5 based on 5 ratings
Yat 1965
March 19, 2022
Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner
Is this review helpful? Yes:4 / No: 0
Joy
February 28, 2021 |
ACH transfers limited to $3,000, unsecured website, emailing acct numbers, hours to reach customer service. Need not say more.
Is this review helpful? Yes:8 / No: 0
RickS
January 23, 2021 |
Not worth the hassle.
Is this review helpful? Yes:6 / No: 0
VP Michael Penis
October 24, 2020 |
Avoid any bank that lowers its savings rate from 0.90% to 0.65% without any notice to customers. just avoid it.
Is this review helpful? Yes:7 / No: 0
Ted Doolittle
October 17, 2020 |
I opened an account here online two weeks ago. I funded with $50,000 from WFC, easy, no issues. Then I set it up to increase funding and each entry was rejected. Only after opening I learn the bank has a $3,000 external funding limit. I tried to reach someone by phone to ask about this and was placed on hold for over 30 minutes at which point I hanged up. From reading some of the other reviews on this site, I see that I might be able to overcome this rule by funding from source account at WFC, but I will still need to check with them and that will involve another 30 minutes of wasted time. I would not have bothered with this account had I been aware of these limitations. Also, I am now regretting working with a bank in Utah as it is the only damn State in the Union still backing the orange narcissist.
Is this review helpful? Yes:7 / No: 0
Add Your Review
or use your Google account
or use your BestCashCow account