Compound Interest Calculator
Money Market Account from Truist Bank with 3.00% APY and $0 minimum deposit
Use or Change These Amounts and Rates
The product Money Market Account from Truist Bank with 3.00% APY and $0 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 $26,878. The interest earned would be $6,878 and the tax amount on the interest earned would be approximately $2,063.
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 Truist Bank
Savings Boost of
$4,484 over 10 years
$4,484 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Truist Bank Interest Earned
$4,815
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 |
Truist Bank Scenario
| Rate: 3.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 600 | 420 |
| 2 | 20,600 | 618 | 433 |
| 3 | 21,218 | 637 | 446 |
| 4 | 21,855 | 656 | 459 |
| 5 | 22,510 | 675 | 473 |
| 6 | 23,185 | 696 | 487 |
| 7 | 23,881 | 716 | 502 |
| 8 | 24,597 | 738 | 517 |
| 9 | 25,335 | 760 | 532 |
| 10 | 26,095 | 783 | 548 |
| TOTAL: | $6,878 | $4,815 |
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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 |
|---|---|
| August 6, 2026 | 3.00% |
| June 25, 2026 | 3.25% |
| April 1, 2026 | 3.40% |
| January 25, 2026 | 3.40% |
| October 22, 2025 | 3.50% |
| September 9, 2025 | 3.70% |
| April 8, 2025 | 3.66% |
| December 30, 2024 | 3.65% |
| December 5, 2024 | 4.00% |
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 |
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|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
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|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.75% |
$0 |
Learn More | |
|
Last change: ↑0.40% on October 11. |
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Customer Reviews for Truist Bank
1.0 out of 5 based on 1 rating
Customer
July 28, 2022
Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enjoying the virtually free money they are getting to use.
Is this review helpful? Yes:10 / No: 1
Anne
May 4, 2022 |
I have been a customer with BB&T for more than 15 years. Acct taken over by Truist. They are now charging my credit card 75% of my card payment with no notice. I have 823 credit rating; more than 90k in my checking account; have never been late ever. If
the
Is this review helpful? Yes:13 / No: 0
Concerned citizen
August 3, 2020
I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.
Is this review helpful? Yes:5 / No: 0
Concerned citizen
August 3, 2020
I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.
Is this review helpful? Yes:5 / No: 0
Concerned citizen
August 3, 2020
I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.
Is this review helpful? Yes:4 / No: 0
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