Compound Interest Calculator
Money Market Account from SELF-HELP with 3.32% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from SELF-HELP with 3.32% APY and $500 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 $27,725. The interest earned would be $7,725 and the tax amount on the interest earned would be approximately $2,318.

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 SELF-HELP

Savings Boost of
$5,095 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
SELF-HELP Interest Earned $5,408

 

 

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

SELF-HELP Scenario

Rate:
3.32%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 664 465
2 20,664 686 480
3 21,350 709 496
4 22,059 732 513
5 22,791 757 530
6 23,548 782 547
7 24,330 808 565
8 25,137 835 584
9 25,972 862 604
10 26,834 891 624
TOTAL: $7,725 $5,408

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
October 18, 2023 3.32%


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Advertiser Disclosure
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Customer Reviews for Self-help


  • September 27, 2016

    CDs 60 Month Rates

    why have you not updated your rates


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