Compound Interest Calculator
Money Market Account from HUDSON RIVER FINANCIAL with 0.48% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from HUDSON RIVER FINANCIAL with 0.48% APY and $10,000 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 $20,985. The interest earned would be $985 and the tax amount on the interest earned would be approximately $296.

Please note that this product is available in New York and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

Our records indicate that this institution has been acquired by SUNMARK.

The Results for HUDSON RIVER FINANCIAL

Savings Boost of
$370 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
HUDSON RIVER FINANCIAL Interest Earned $690

 

 

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 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

HUDSON RIVER FINANCIAL Scenario

Rate:
0.48%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 96 67
2 20,096 97 68
3 20,193 97 68
4 20,291 98 68
5 20,388 98 69
6 20,487 99 69
7 20,585 99 69
8 20,685 100 70
9 20,784 100 70
10 20,885 101 70
TOTAL: $985 $690

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.



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