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 $1,901
$20,000 Cash Savings
$187 Avg. Rate Savings
$2,088 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 27 19
2 20,027 27 19
3 20,053 27 19
4 20,080 27 19
5 20,107 27 19
6 20,133 27 19
7 20,160 27 19
8 20,187 27 19
9 20,214 27 19
10 20,241 27 19
TOTAL: $268 $187

Scenario 2

Rate:
1.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 280 196
2 20,280 284 199
3 20,564 288 202
4 20,852 292 204
5 21,144 296 207
6 21,440 300 210
7 21,740 304 213
8 22,044 309 216
9 22,353 313 219
10 22,666 317 222
TOTAL: $2,983 $2,088

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.