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 $1,913
$20,000 Cash Savings
$192 Avg. Rate Savings
$2,104 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:
0.14%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 27 19
2 20,027 27 19
3 20,054 27 19
4 20,082 27 19
5 20,109 27 19
6 20,136 27 19
7 20,164 27 19
8 20,191 27 19
9 20,219 27 19
10 20,246 28 19
TOTAL: $274 $192

Scenario 2

Rate:
1.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 282 197
2 20,282 286 200
3 20,568 290 203
4 20,858 294 206
5 21,152 298 209
6 21,450 302 212
7 21,753 307 215
8 22,059 311 218
9 22,371 315 221
10 22,686 320 224
TOTAL: $3,006 $2,104

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.