that pays a top interest rate. Here's a look at what you could earn there versus a big, traditional bank.
At 0.01% interest, you would make just $1 in interest on your $10,000 balance in the first year. After five years, you would wind up with a total of $10,005; 20 years would leave you with $10,020.02. In 20 years, you've earned just over $20 in interest on $10,000. Now, let's compare that to an account paying 1.6% interest, which is well above the average but still a ways from the very top. At that rate, you would have $10,161.18 after one year. That's more than eight times the interest you would earn in 20 years at 0.01%.
After five years, you would have $10,832.29. In 10 years, you would have a total of $11,733.86. After 20 years, you would have $13,768.34. That's thousands of dollars in earnings compared to about $20 at 0.01%.One percent might not sound like much, but over the course of years, this difference in interest rates can be worth thousands of dollars in your pocket.
Many people are too lazy to make a change or don't know how much they are missing out on. Now you do. Don't let your money sit idle in a bad account. Get the best interest rates out there and bring home the cash you deserve by
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