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This MMA calculator will calculate the compound interest earnings on money market deposit accounts given the interest rate, length of time, initial deposit, and periodic deposit amount -- plus display a year-to-year investment growth chart.
Money market accounts often earn higher interest than traditional savings accounts, making them a strong contender for smart savers. Use this calculator to see the difference for yourself. Try changing your deposit amount and deposit frequency if you want to save faster.
To use our money market account calculator, simply input your initial deposit amount and the estimated annual percentage yield (APY). You will also have the option to select the time frame you wish to calculate the interest earnings along with any additional monthly contributions you plan on making.
Money Market Account Calculator. Estimate the interest earned on a lump sum investment into a money market account using this calculator. In addition to displaying nominal returns, you can also calculate the impacts of income taxes and inflation on your nominal and real returns. Current market rates are shown directly under the calculator.
This money market account (MMA) calculator lets you work out the compound interest you will earn on your money market account based on how much you deposit to start with, how long you've had the account, the interest rate on the account, and the amount you periodically deposit.
Money Market Account Calculator. Adjust the inputs to see how much your savings in a money market account grow over time. Balance. 0 1 2 3 4 5 6 7 8 9 10 $0 $4,500 $9,000 $13,500 $18,000. Years.
How It Works. Money market accounts (MMAs) typically offer higher interest rates than traditional savings accounts. There can be, however, service fees if your account falls below your financial institution's minimum required balance. Enter your MMA balance and APY to see how your savings will grow over time.
