Compound Interest Calculator
Savings Account from Middlesex Savings Bank with 1.45% APY and $10 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Middlesex Savings Bank with 1.45% APY and $10 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 $23,097. The interest earned would be $3,097 and the tax amount on the interest earned would be approximately $929.

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 Middlesex Savings Bank

Savings Boost of
$1,848 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Middlesex Savings Bank Interest Earned $2,168

 

 

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

Middlesex Savings Bank Scenario

Rate:
1.45%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 290 203
2 20,290 294 206
3 20,584 298 209
4 20,883 303 212
5 21,185 307 215
6 21,493 312 218
7 21,804 316 221
8 22,120 321 225
9 22,441 325 228
10 22,767 330 231
TOTAL: $3,097 $2,168

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
December 1, 2023 1.45%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.25% on October 16.



Customer Reviews for Middlesex Savings Bank


  • January 9, 2021

    Used to be a good bank!! Taking money out of my account for something I did not purchase. This is the second time they did this. They do it on Fridays knowing that no one from the Fraud Department isn't there over the weekend. I have been a customer for over 10 years but in the last year there has been problems. This bank is going down hill. I advise to go to another bank. So disappointed with the way they handle things now.


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