Compound Interest Calculator
Money Market Account from Clear Sky Accounts with 0.95% APY



Use or Change These Amounts and Rates

The product Money Market Account from Clear Sky Accounts with 0.95% 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 $21,983. The interest earned would be $1,983 and the tax amount on the interest earned would be approximately $595.

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 Clear Sky Accounts

Savings Boost of
$1,084 over 10 years
Cash Savings $20,000
Average Interest Earned $304

 
Clear Sky Accounts Interest Earned $1,388

 

 

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

Clear Sky Accounts Scenario

Rate:
0.95%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 190 133
2 20,190 192 134
3 20,382 194 136
4 20,575 195 137
5 20,771 197 138
6 20,968 199 139
7 21,167 201 141
8 21,369 203 142
9 21,572 205 143
10 21,776 207 145
TOTAL: $1,983 $1,388

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.


Recent Rate Changes



Date APY
August 19, 2023 0.95%


Featured CD Rates

ONLINE BANKS APY? MIN?

6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.

Last change: ↑0.09% on March 12.
6 Month Jumbo CD.



Customer Reviews for Clear Sky Accounts


  • May 26, 2017

    Online Savings Rates

    Before009

  • May 23, 2016

    Online Savings Rates

    Always a great customer service experience, but the use of a key fob to produce an ID in order to login became a real pain so I had to close the account.


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