Compound Interest Calculator
Money Market Account from Middlesex Savings Bank with 1.50% APY and $50,000 minimum deposit
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The product Money Market Account from Middlesex Savings Bank with 1.50% APY and $50,000 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 $23,211. The interest earned would be $3,211 and the tax amount on the interest earned would be approximately $963.
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 Middlesex Savings Bank
Savings Boost of
$1,917 over 10 years
$1,917 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Middlesex Savings Bank Interest Earned
$2,248
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 |
Middlesex Savings Bank Scenario
| Rate: 1.50% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 300 | 210 |
| 2 | 20,300 | 305 | 213 |
| 3 | 20,605 | 309 | 216 |
| 4 | 20,914 | 314 | 220 |
| 5 | 21,227 | 318 | 223 |
| 6 | 21,546 | 323 | 226 |
| 7 | 21,869 | 328 | 230 |
| 8 | 22,197 | 333 | 233 |
| 9 | 22,530 | 338 | 237 |
| 10 | 22,868 | 343 | 240 |
| TOTAL: | $3,211 | $2,248 |
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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 |
|---|---|
| May 26, 2026 | 1.50% |
| December 1, 2023 | 1.50% |
| December 1, 2023 | 1.00% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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|
Decide once. Earn for a year. A full year of predictable earnings with our 12-Month Jumbo CD. 12-Month |
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|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
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4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.70% |
$500 |
Learn More | |
|
Last change: ↑0.66% on April 27. |
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Customer Reviews for Middlesex Savings Bank
Stephen Clinton
January 9, 2021
Used to be a good bank!! Taking money out of my account for something I did not purchase. This is the second time they did this. They do it on Fridays knowing that no one from the Fraud Department isn't there over the weekend. I have been a customer for over 10 years but in the last year there has been problems. This bank is going down hill. I advise to go to another bank. So disappointed with the way they handle things now.
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