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

The Results

Savings Boost of $1,747
$20,000 Cash Savings
$183 Avg. Rate Savings
$1,930 Best Rate Savings
See comparison detail table

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:
0.13%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 26 18
2 20,026 26 18
3 20,052 26 18
4 20,078 26 18
5 20,104 26 18
6 20,130 26 18
7 20,157 26 18
8 20,183 26 18
9 20,209 26 18
10 20,235 26 18
TOTAL: $262 $183

Scenario 2

Rate:
1.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 260 182
2 20,260 263 184
3 20,523 267 187
4 20,790 270 189
5 21,060 274 192
6 21,334 277 194
7 21,612 281 197
8 21,893 285 199
9 22,177 288 202
10 22,465 292 204
TOTAL: $2,757 $1,930

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.