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 $3,572
$20,000 Cash Savings
$297 Avg. Rate Savings
$3,869 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:
0.21%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 42 29
2 20,042 42 29
3 20,084 42 30
4 20,126 42 30
5 20,169 42 30
6 20,211 42 30
7 20,253 43 30
8 20,296 43 30
9 20,338 43 30
10 20,381 43 30
TOTAL: $424 $297

Scenario 2

Rate:
2.47%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 494 346
2 20,494 506 354
3 21,000 519 363
4 21,519 532 372
5 22,050 545 381
6 22,595 558 391
7 23,153 572 400
8 23,725 586 410
9 24,311 600 420
10 24,912 615 431
TOTAL: $5,527 $3,869

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.