Savings and CD Calculator

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Use or Change these Amounts And Rates

Cash Savings

Product:

Average Rate:

Best Rate:

Years at Rate:

Tax Rate:

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The Results

Savings Boost of $3,236

$20,000 Cash Savings

$253 Avg. Rate Savings

$3,489 Best Rate Savings

See comparison detail table

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This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Scenario 1

	Rate: 0.18%	Annual Interest	Annual Interest (After Tax)
1	20,000	36	25
2	20,036	36	25
3	20,072	36	25
4	20,108	36	25
5	20,144	36	25
6	20,180	36	25
7	20,216	36	25
8	20,252	36	25
9	20,288	36	25
10	20,325	36	25
	TOTAL:	$361	$253

Scenario 2

	Rate: 2.25%	Annual Interest	Annual Interest (After Tax)
1	20,000	450	315
2	20,450	460	322
3	20,910	470	329
4	21,381	481	337
5	21,862	492	344
6	22,354	503	352
7	22,857	514	360
8	23,371	526	368
9	23,897	538	376
10	24,434	550	385
	TOTAL:	$4,984	$3,489

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

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