Compound Interest Calculator
Money Market Account from NORTHWEST with 0.64% APY and $0 minimum deposit

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NORTHWEST Rate (%):

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The product Money Market Account from NORTHWEST with 0.64% APY and $0 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 $21,318. The interest earned would be $1,318 and the tax amount on the interest earned would be approximately $395.

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 NORTHWEST

Savings Boost of
$603 over 10 years

Cash Savings $20,000

Average Interest Earned $320

NORTHWEST Interest Earned $922

Compare

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

NORTHWEST Scenario

	Rate: 0.64%	Annual Interest	Annual Interest (After Tax)
1	20,000	128	90
2	20,128	129	90
3	20,257	130	91
4	20,386	130	91
5	20,517	131	92
6	20,648	132	93
7	20,780	133	93
8	20,913	134	94
9	21,047	135	94
10	21,182	136	95
	TOTAL:	$1,318	$922

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
January 25, 2024	0.64%

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Compound Interest Calculator Money Market Account from NORTHWEST with 0.64% APY and $0 minimum deposit