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

Cash Savings

Product:

Average Rate:

Best Rate:

Years at Rate:

Tax Rate:

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The Results

Savings Boost of $3,551

$20,000 Cash Savings

$283 Avg. Rate Savings

$3,834 Best Rate Savings

See comparison detail table

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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	40	28
2	20,040	40	28
3	20,080	40	28
4	20,120	40	28
5	20,160	40	28
6	20,201	40	28
7	20,241	40	28
8	20,282	41	28
9	20,322	41	28
10	20,363	41	29
	TOTAL:	$404	$283

Scenario 2

	Rate: 2.45%	Annual Interest	Annual Interest (After Tax)
1	20,000	490	343
2	20,490	502	351
3	20,992	514	360
4	21,506	527	369
5	22,033	540	378
6	22,573	553	387
7	23,126	567	397
8	23,693	580	406
9	24,273	595	416
10	24,868	609	426
	TOTAL:	$5,477	$3,834

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.

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