Compound Interest Calculator
Money Market Account from Middlesex Savings Bank with 1.65% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Middlesex Savings Bank with 1.65% APY and $100,000 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 $23,556. The interest earned would be $3,556 and the tax amount on the interest earned would be approximately $1,067.

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
$2,171 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Middlesex Savings Bank Interest Earned $2,489

 

 

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 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Middlesex Savings Bank Scenario

Rate:
1.65%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 330 231
2 20,330 335 235
3 20,665 341 239
4 21,006 347 243
5 21,353 352 247
6 21,705 358 251
7 22,063 364 255
8 22,428 370 259
9 22,798 376 263
10 23,174 382 268
TOTAL: $3,556 $2,489

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 1.65%
December 1, 2023 1.00%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↑3.00% on August 7.

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



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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