Compound Interest Calculator
Money Market Account from Athol Savings Bank with 1.00% APY and $50,000 minimum deposit

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The product Money Market Account from Athol Savings Bank with 1.00% 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 $22,092. The interest earned would be $2,092 and the tax amount on the interest earned would be approximately $628.

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 Athol Savings Bank

Savings Boost of
$1,148 over 10 years

Cash Savings $20,000

Average Interest Earned $317

Athol Savings Bank Interest Earned $1,465

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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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	31
2	20,045	45	31
3	20,090	45	32
4	20,135	45	32
5	20,180	45	32
6	20,225	45	32
7	20,270	45	32
8	20,316	46	32
9	20,361	46	32
10	20,407	46	32
	TOTAL:	$453	$317

Athol Savings Bank Scenario

	Rate: 1.00%	Annual Interest	Annual Interest (After Tax)
1	20,000	200	140
2	20,200	202	141
3	20,402	204	143
4	20,606	206	144
5	20,812	208	146
6	21,020	210	147
7	21,230	212	149
8	21,443	214	150
9	21,657	217	152
10	21,874	219	153
	TOTAL:	$2,092	$1,465

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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
December 20, 2023	1.00%

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Compound Interest Calculator Money Market Account from Athol Savings Bank with 1.00% APY and $50,000 minimum deposit