How do I use the MMA calculator?

They can also give you a detailed printout of the balance for your MMA and the interest you earn. Using the MMA calculator is quite simple, just go through these directions step-by-step: Click on "Calculate" to get your results. Money market accounts (MMAs) are a form of savings deposit account offered by credit unions and banks.

What is a money market account (MMA) calculator?

This money market account (MMA) calculator lets you work out the compound interest you will earn on your money market account based on how much you deposit to start with, how long you've had the account, the interest rate on the account, and the amount you periodically deposit.

How is MMA interest calculated?

Interest is usually compounded daily and credited monthly for MMAs. This means it’s calculated every day and paid to your account every month. With compound interest, you’ll earn interest on both your initial deposit and on the interest your account has already earned.