Advanced Money Market Calculator
Precise financial forecasting with scenarios, taxes, and inflation.
SCENARIO 2 (COMPARISON)
What Makes an MMA Calculator Essential?
A Money Market Calculator is more than just a math tool; it's a financial roadmap. By understanding how your interest compounds monthly, you can make informed decisions about where to park your cash for the best risk-adjusted returns.
What is an MMA?
A Money Market Account (MMA) is a tiered interest-bearing account that typically offers higher rates than standard savings, plus debit card access.
Is it FDIC Insured?
Yes. Like standard savings accounts, MMAs are FDIC-insured up to $250,000 per depositor, per institution.
Compound Frequency?
Most modern MMAs compound interest monthly. This calculator assumes monthly compounding for maximum accuracy.
Taxes on Interest?
Interest earned in a Money Market Account is generally considered taxable income. Consult with a tax professional for details.
Expert Guide to Money Market Savings
Our Advanced Money Market Calculator is designed to provide institutional-grade accuracy for personal finance. Unlike basic tools, we account for Tax Drag and Purchasing Power Erosion (Inflation), giving you the real numbers you need for retirement planning or large purchases.
Why use an MMA?
- Liquidity: Access your cash via checks or debit.
- Security: FDIC/NCUA insurance up to $250k.
- Tiered Rates: Earn more as your balance grows.
The Drawbacks
- Transaction Limits: Usually 6 transfers per month.
- Minimums: May require $2,500+ to avoid fees.
- Inflation Risk: Rates may not always beat CPI.