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 $3,582
$20,000 Cash Savings
$304 Avg. Rate Savings
$3,886 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:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 43 30
2 20,043 43 30
3 20,086 43 30
4 20,129 43 30
5 20,173 43 30
6 20,216 43 30
7 20,259 44 30
8 20,303 44 31
9 20,347 44 31
10 20,390 44 31
TOTAL: $434 $304

Scenario 2

Rate:
2.48%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 496 347
2 20,496 508 356
3 21,004 521 365
4 21,525 534 374
5 22,059 547 383
6 22,606 561 392
7 23,167 575 402
8 23,741 589 412
9 24,330 603 422
10 24,933 618 433
TOTAL: $5,552 $3,886

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.