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 $3,229
$20,000 Cash Savings
$277 Avg. Rate Savings
$3,506 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:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 39 27
2 20,039 39 27
3 20,078 39 28
4 20,118 39 28
5 20,157 40 28
6 20,197 40 28
7 20,236 40 28
8 20,276 40 28
9 20,316 40 28
10 20,356 40 28
TOTAL: $395 $277

Scenario 2

Rate:
2.26%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 452 316
2 20,452 462 324
3 20,914 473 331
4 21,387 483 338
5 21,870 494 346
6 22,364 505 354
7 22,870 517 362
8 23,387 529 370
9 23,915 540 378
10 24,456 553 387
TOTAL: $5,009 $3,506

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.