Compound Interest Calculator
Money Market Account from DIGITAL with 3.13% APY and $100,000 minimum deposit
Use or Change These Amounts and Rates
The product Money Market Account from DIGITAL with 3.13% APY and $100,000 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 $27,220. The interest earned would be $7,220 and the tax amount on the interest earned would be approximately $2,166.
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 DIGITAL
Savings Boost of
$4,723 over 10 years
$4,723 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
DIGITAL Interest Earned
$5,054
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 |
DIGITAL Scenario
| Rate: 3.13% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 626 | 438 |
| 2 | 20,626 | 646 | 452 |
| 3 | 21,272 | 666 | 466 |
| 4 | 21,937 | 687 | 481 |
| 5 | 22,624 | 708 | 496 |
| 6 | 23,332 | 730 | 511 |
| 7 | 24,062 | 753 | 527 |
| 8 | 24,816 | 777 | 544 |
| 9 | 25,592 | 801 | 561 |
| 10 | 26,393 | 826 | 578 |
| TOTAL: | $7,220 | $5,054 |
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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 |
|---|---|
| July 24, 2026 | 3.13% |
| February 3, 2025 | 3.50% |
| August 19, 2023 | 3.30% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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Take your savings to the next level with our 12-month online CD special! 12-Month |
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4.50% |
$500 |
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Last change: ↑0.45% on April 27. |
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4.50% |
$500 |
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Last change: ↑0.43% on April 27. |
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4.50% |
$10,000 |
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Last change: ↑0.65% on August 6. |
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4.50% |
$10,000 |
Learn More | |
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Last change: ↑1.20% on August 6. |
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Customer Reviews for Digital
Julie
May 4, 2016
Refi, no cash out, no second
Is this review helpful? Yes:1 / No: 0
Paul N
April 7, 2016
">I just applied for a home equity loan with DCU. No problems at all so far. I did the entire application online. I did have some confusion with the info that I needed to provide. If you apply, you will need your tax returns for the past two years, most recent pay stubs, most recent real estate tax, homeowners insurance policy, and W2s. It wasn't terribly onerous but since I am not that organized it took me awhile to gather everything. I then uploaded it to their site. I also had contact with a lending rep and could ask info via secure mail. I'm waiting to hear if the loan was approved but so far no problems.
Is this review helpful? Yes:2 / No: 1
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