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 $3,834
$20,000 Cash Savings
$263 Avg. Rate Savings
$4,097 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:
0.19%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 37 26
2 20,037 37 26
3 20,074 37 26
4 20,112 37 26
5 20,149 37 26
6 20,187 38 26
7 20,224 38 26
8 20,262 38 26
9 20,300 38 26
10 20,337 38 26
TOTAL: $375 $263

Scenario 2

Rate:
2.60%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 520 364
2 20,520 534 373
3 21,054 547 383
4 21,601 562 393
5 22,163 576 403
6 22,739 591 414
7 23,330 607 425
8 23,937 622 436
9 24,559 639 447
10 25,197 655 459
TOTAL: $5,853 $4,097

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.