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 $3,229

$20,000 Cash Savings

$277 Avg. Rate Savings

$3,506 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	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.

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