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 $2,375
$20,000 Cash Savings
$196 Avg. Rate Savings
$2,571 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:
0.14%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 28 19
2 20,028 28 19
3 20,056 28 20
4 20,084 28 20
5 20,111 28 20
6 20,139 28 20
7 20,167 28 20
8 20,195 28 20
9 20,223 28 20
10 20,252 28 20
TOTAL: $280 $196

Scenario 2

Rate:
1.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 340 238
2 20,340 346 242
3 20,686 352 246
4 21,037 358 250
5 21,395 364 255
6 21,759 370 259
7 22,129 376 263
8 22,505 383 268
9 22,887 389 272
10 23,277 396 277
TOTAL: $3,672 $2,571

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.