Compound Interest Calculator
Money Market Account from ABRI with 0.50% APY

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The product Money Market Account from ABRI with 0.50% APY 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 $21,021. The interest earned would be $1,021 and the tax amount on the interest earned would be approximately $306.

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 ABRI

Savings Boost of
$411 over 10 years

Cash Savings $20,000

Average Interest Earned $304

ABRI Interest Earned $714

Compare

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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	43	30
2	20,043	43	30
3	20,086	43	30
4	20,129	43	30
5	20,173	43	30
6	20,216	43	30
7	20,259	44	30
8	20,303	44	31
9	20,347	44	31
10	20,390	44	31
	TOTAL:	$434	$304

ABRI Scenario

	Rate: 0.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	100	70
2	20,100	100	70
3	20,200	101	71
4	20,301	101	71
5	20,402	102	71
6	20,504	102	72
7	20,606	103	72
8	20,709	103	72
9	20,812	104	73
10	20,916	104	73
	TOTAL:	$1,021	$714

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.

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Compound Interest Calculator Money Market Account from ABRI with 0.50% APY