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 $3,236
$20,000 Cash Savings
$253 Avg. Rate Savings
$3,489 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:
0.18%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 36 25
2 20,036 36 25
3 20,072 36 25
4 20,108 36 25
5 20,144 36 25
6 20,180 36 25
7 20,216 36 25
8 20,252 36 25
9 20,288 36 25
10 20,325 36 25
TOTAL: $361 $253

Scenario 2

Rate:
2.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 450 315
2 20,450 460 322
3 20,910 470 329
4 21,381 481 337
5 21,862 492 344
6 22,354 503 352
7 22,857 514 360
8 23,371 526 368
9 23,897 538 376
10 24,434 550 385
TOTAL: $4,984 $3,489

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.