Money Market Account Calculator | Estimate Your Savings Easily

 

 

:root { --primary: #0d6efd; --secondary: #28a745; --light: #f8f9fa; --dark: #212529; --gray: #6c757d; --white: #ffffff; --shadow: 0 4px 6px rgba(0, 0, 0, 0.1); } * { box-sizing: border-box; margin: 0; padding: 0; font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; } body { background-color: var(--light); color: var(--dark); line-height: 1.6; padding: 20px; } .container { max-width: 800px; margin: 0 auto; background-color: var(--white); border-radius: 10px; box-shadow: var(--shadow); padding: 25px; } h1, h2 { color: var(--primary); text-align: center; margin-bottom: 20px; } /* Calculator Form Styles */ .calculator-form { display: grid; grid-template-columns: 1fr; gap: 20px; margin-bottom: 40px; } .form-group { display: flex; flex-direction: column; } label { margin-bottom: 8px; font-weight: 600; } input, select { padding: 12px; border: 1px solid #ced4da; border-radius: 5px; font-size: 16px; } input:focus, select:focus { outline: none; border-color: var(--primary); box-shadow: 0 0 0 3px rgba(13, 110, 253, 0.25); } .btn { padding: 12px 20px; border: none; border-radius: 5px; font-size: 16px; font-weight: 600; cursor: pointer; transition: all 0.3s ease; } .btn-primary { background-color: var(--primary); color: var(--white); } .btn-primary:hover { background-color: #0b5ed7; } /* Results Section */ .results { margin-top: 30px; padding: 20px; background-color: #f8f9fa; border-radius: 8px; display: none; } .result-item { display: flex; justify-content: space-between; margin-bottom: 10px; padding-bottom: 10px; border-bottom: 1px solid #dee2e6; } .result-label { font-weight: 600; } .result-value { font-weight: 700; color: var(--secondary); } .chart-container { margin-top: 30px; height: 300px; } /* Instructions Section */ .instructions-section { margin: 40px 0; padding: 25px; background-color: #f8f9fa; border-radius: 10px; } .steps-container { display: flex; flex-direction: column; gap: 20px; } .step { display: flex; gap: 15px; align-items: flex-start; } .step-number { background-color: #0d6efd; color: white; width: 30px; height: 30px; border-radius: 50%; display: flex; align-items: center; justify-content: center; font-weight: bold; flex-shrink: 0; } .step-content h3 { color: #212529; margin-bottom: 5px; } /* Features Section */ .features-section { margin: 40px 0; padding: 25px; } .features-grid { display: grid; grid-template-columns: repeat(auto-fit, minmax(300px, 1fr)); gap: 25px; } .feature-card { background-color: white; padding: 25px; border-radius: 8px; box-shadow: 0 4px 6px rgba(0, 0, 0, 0.1); transition: transform 0.3s ease; } .feature-card:hover { transform: translateY(-5px); } .feature-icon { font-size: 2rem; margin-bottom: 15px; } .feature-card h3 { color: #212529; margin-bottom: 10px; } /* Responsive adjustments */ @media (min-width: 768px) { .calculator-form { grid-template-columns: 1fr 1fr; } .form-group.full-width { grid-column: span 2; } } @media (max-width: 768px) { .features-grid { grid-template-columns: 1fr; } .step { flex-direction: column; align-items: flex-start; } } @media (max-width: 480px) { .container { padding: 15px; } input, select, .btn { padding: 10px; font-size: 14px; } }

Money Market Account Calculator

How to Use This Calculator

1

Enter Initial Deposit

Input the amount you plan to deposit initially into your money market account.

2

Set Interest Rate

Enter your account’s annual interest rate (APY) as provided by your bank.

3

Select Time Period

Choose how many years you plan to keep your money in the account.

4

Add Monthly Contributions (Optional)

If you plan to make regular deposits, enter the monthly amount here.

5

Choose Compounding

Select how often your interest compounds (monthly, quarterly, or annually).

6

Calculate & View Results

Click the calculate button to see your projected balance and interest earned.

Monthly Quarterly Annually

Projected Results

Initial Deposit: $0.00
Total Contributions: $0.00
Interest Earned: $0.00
Future Balance: $0.00
 

Key Features

📊

Accurate Projections

Get precise calculations based on compound interest formulas used by financial institutions.

🔄

Flexible Contributions

Include optional monthly deposits to see how regular savings can grow your balance.

📅

Custom Timeframes

Calculate for any period from 1 year to several decades of growth.

📱

Mobile Friendly

Works perfectly on all devices – smartphones, tablets, and desktop computers.

🧮

Multiple Compounding

Compare different compounding frequencies (monthly, quarterly, annually).

📈

Visual Results

See your growth broken down in an easy-to-understand chart visualization.

document.getElementById('calculatorForm').addEventListener('submit', function(e) { e.preventDefault(); calculateResults(); }); function calculateResults() { // Get input values const initialDeposit = parseFloat(document.getElementById('initialDeposit').value) || 0; const annualInterestRate = parseFloat(document.getElementById('interestRate').value) || 0; const years = parseInt(document.getElementById('years').value) || 1; const monthlyContribution = parseFloat(document.getElementById('monthlyContribution').value) || 0; const compoundingFrequency = parseInt(document.getElementById('compounding').value); // Calculate periodic interest rate and number of periods const periodicInterestRate = annualInterestRate / 100 / compoundingFrequency; const totalPeriods = years * compoundingFrequency; // Calculate future value of initial deposit const futureValueInitial = initialDeposit * Math.pow(1 + periodicInterestRate, totalPeriods); // Calculate future value of monthly contributions let futureValueContributions = 0; if (monthlyContribution > 0) { const monthlyRate = annualInterestRate / 100 / 12; const totalMonths = years * 12; futureValueContributions = monthlyContribution * (Math.pow(1 + monthlyRate, totalMonths) - 1) / monthlyRate; } // Calculate totals const futureBalance = futureValueInitial + futureValueContributions; const totalContributions = initialDeposit + (monthlyContribution * years * 12); const interestEarned = futureBalance - totalContributions; // Display results document.getElementById('initialDepositResult').textContent = formatCurrency(initialDeposit); document.getElementById('totalContributions').textContent = formatCurrency(totalContributions); document.getElementById('interestEarned').textContent = formatCurrency(interestEarned); document.getElementById('futureBalance').textContent = formatCurrency(futureBalance); // Show results section document.getElementById('results').style.display = 'block'; // Update chart updateChart(initialDeposit, totalContributions - initialDeposit, interestEarned); } function formatCurrency(amount) { return '$' + amount.toFixed(2).replace(/\d(?=(\d{3})+\.)/g, '$&,'); } let resultsChart = null; function updateChart(initialDeposit, contributions, interest) { const ctx = document.getElementById('resultsChart').getContext('2d'); if (resultsChart) { resultsChart.destroy(); } resultsChart = new Chart(ctx, { type: 'doughnut', data: { labels: ['Initial Deposit', 'Contributions', 'Interest Earned'], datasets: [{ data: [initialDeposit, contributions, interest], backgroundColor: [ '#0d6efd', '#28a745', '#ffc107' ], borderWidth: 1 }] }, options: { responsive: true, maintainAspectRatio: false, plugins: { legend: { position: 'bottom' }, tooltip: { callbacks: { label: function(context) { let label = context.label || ''; if (label) { label += ': '; } label += formatCurrency(context.raw); return label; } } } } } }); }

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This calculator is for educational purposes only. It does not promote interest-based finance. We recommend exploring Shariah-compliant alternatives.

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