Compound Interest Calculator
Money Market Account from LGE COMMUNITY with 0.36% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from LGE COMMUNITY with 0.36% APY and $25,000 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 $20,732. The interest earned would be $732 and the tax amount on the interest earned would be approximately $220.

Please note that this product is available in Georgia and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for LGE COMMUNITY

Savings Boost of
$200 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
LGE COMMUNITY Interest Earned $512

 

 

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 44 31
2 20,044 44 31
3 20,088 44 31
4 20,133 44 31
5 20,177 45 31
6 20,222 45 31
7 20,267 45 31
8 20,311 45 31
9 20,356 45 31
10 20,401 45 32
TOTAL: $446 $312

LGE COMMUNITY Scenario

Rate:
0.36%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 72 50
2 20,072 72 51
3 20,144 73 51
4 20,217 73 51
5 20,290 73 51
6 20,363 73 51
7 20,436 74 51
8 20,509 74 52
9 20,583 74 52
10 20,657 74 52
TOTAL: $732 $512

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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