Money Market Account Calculator
Project growth of a money market account with initial deposit and monthly contributions. Monthly compounding.
Use the Money Market Account Calculator
Enter initial deposit, monthly contribution, annual rate, and years. Future value and interest earned are calculated with monthly compounding.
Inputs
Initial deposit, monthly contribution, annual rate, and years.
Results
Future value
$44,358
Total contributions
$34,000
Interest earned
$10,358
Monthly compounding. FV = initial × (1+r)^n + contribution × annuity factor.
How this calculator works
Future value = initial × (1 + r/12)^(12×y) plus the future value of monthly contributions (annuity). Monthly compounding.
How to interpret your results
Future value is the projected balance. Interest earned is the difference between future value and total contributions.
FAQs
What does this calculator do?▾
Estimates future value of a money market account using initial deposit, monthly contributions, annual rate, and years, with monthly compounding.
Which inputs matter most?▾
Initial deposit, monthly contribution, annual rate, and number of years.
When would I use this?▾
To plan savings in a money market or high-yield savings account.
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