Compound Interest Calculator
Money Market Account from MYCOM with 0.15% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from MYCOM with 0.15% 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 $20,302. The interest earned would be $302 and the tax amount on the interest earned would be approximately $91.

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

The Results for MYCOM

Savings Boost of
$-108 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
MYCOM Interest Earned $211

 

 

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

MYCOM Scenario

Rate:
0.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 30 21
2 20,030 30 21
3 20,060 30 21
4 20,090 30 21
5 20,120 30 21
6 20,150 30 21
7 20,181 30 21
8 20,211 30 21
9 20,241 30 21
10 20,272 30 21
TOTAL: $302 $211

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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Customer Reviews for Mycom


  • June 7, 2024 |

    Chasity/Chastity/Whatever her name is = Rude, nasty, poor communication, would not allow me to speak with someone else who is respectful saying no one else was there - I called back in 5 minutes and there was certainly others there. Interrupted me over and over and treated me as though I was stupid saying blaming me for not understand HER communication as though she was not responsible for huffing and puffing, letting out long sighs, laughing, and not allowing me to ask the correct questions to understand her reason for calling since she would not let me talk. Reminding her that I am the customer and HER JOB is to be respectful didn't have any impact. She feels superior, all-knowing, powerful, with no fear of corrective action from management, not someone I trust, if she is receiving my payments, how do I know they will be submitted. I dont trust her so I no longer trust this bank.


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