Compound Interest Calculator
Money Market Account from ALLEGACY with 1.90% APY and $50,000 minimum deposit

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The product Money Market Account from ALLEGACY with 1.90% 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 $24,142. The interest earned would be $4,142 and the tax amount on the interest earned would be approximately $1,243.

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 ALLEGACY

Savings Boost of
$2,580 over 10 years

Cash Savings $20,000

Average Interest Earned $320

ALLEGACY Interest Earned $2,899

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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	45	32
2	20,045	45	32
3	20,091	45	32
4	20,136	46	32
5	20,181	46	32
6	20,227	46	32
7	20,273	46	32
8	20,319	46	32
9	20,364	46	32
10	20,410	46	32
	TOTAL:	$457	$320

ALLEGACY Scenario

	Rate: 1.90%	Annual Interest	Annual Interest (After Tax)
1	20,000	380	266
2	20,380	387	271
3	20,767	395	276
4	21,162	402	281
5	21,564	410	287
6	21,974	417	292
7	22,391	425	298
8	22,817	434	303
9	23,250	442	309
10	23,692	450	315
	TOTAL:	$4,142	$2,899

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
April 2, 2024	1.90%
November 24, 2023	2.00%

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Compound Interest Calculator Money Market Account from ALLEGACY with 1.90% APY and $50,000 minimum deposit