Compound Interest Calculator
Money Market Account from U.P. CONNECTION with 0.27% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from U.P. CONNECTION with 0.27% APY and $2,500 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 $20,543. The interest earned would be $543 and the tax amount on the interest earned would be approximately $163.

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

The Results for U.P. CONNECTION

Savings Boost of
$62 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
U.P. CONNECTION Interest Earned $380

 

 

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

U.P. CONNECTION Scenario

Rate:
0.27%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 54 38
2 20,054 54 38
3 20,107 54 38
4 20,161 54 38
5 20,215 54 38
6 20,269 54 38
7 20,324 54 38
8 20,378 55 38
9 20,433 55 38
10 20,488 55 38
TOTAL: $543 $380

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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