Savings Calculators
Money Market Calculator
Project a money market or high-yield savings balance with regular deposits and monthly compounding.
Balance at the end
$51,816
- Total deposited
- $45,000
- Interest earned
- $6,816
- Monthly interest at the end
- $181.36
How this calculator works
Balance grows monthly at r and receives each deposit
- r
- the annual yield divided by twelve
Example calculation
Illustrative example — not advice
Worked example — the money market calculator as it loads, using the default figures below.
- 01Enter opening balance: $15,000.
- 02Enter monthly deposit: $500.
- 03Enter annual yield: 4.2%.
- 04Enter years: 5 years.
- 05Read the balance at the end from the results panel: $51,816.
Balance at the end: $51,816. Total deposited: $45,000. Interest earned: $6,816. Monthly interest at the end: $181.36.
These figures come straight from the calculator above running on the values listed, so you can retype them and confirm every number yourself. Change any input and the results update immediately. Illustrative only — not a quote, offer or recommendation.
Important considerations
- Yields are variable and can fall without notice.
- Check minimum balance requirements and withdrawal limits.
Related calculators
- Certificate of Deposit CalculatorMaturity value of a fixed-term deposit.
- Savings Goal CalculatorMonthly saving needed to hit a target.
- Compound Interest CalculatorProject the growth of a balance with compounding and regular contributions.
- Emergency Fund CalculatorEmergency fund target and time to build it.
- Budget CalculatorNeeds, wants and savings from your take-home pay.
- Savings Rate CalculatorYour true savings rate and what it buys.
Terms used here
Frequently asked questions
How does this differ from a fixed-term deposit?
The money stays accessible, but the rate is not guaranteed for any period.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01