Money Market Account Calculator
See what a money market account grows to, the balance and interest, from your deposit, monthly additions and rate.
- Free
- No sign-up
Enter your deposit, monthly amount, rate and years to project the balance.
Worked example
With these example inputs:
- Opening deposit$10,000
- Monthly deposit$200
- Annual yield (APY)4.5%
- Years5 yr
Future balance: $25,947
- Starting amount$10,000
- Total contributions$12,000
- Total interest$3,947
- Total growth17.9%
Frequently asked questions
How is a money market account different from savings?
A money market account often pays a higher yield and may offer limited checks or a debit card, but it can require a higher minimum balance than a basic savings account.
Is the money market rate fixed?
Usually not, the yield is variable and can change with the market, so the projection assumes the rate you enter stays constant.