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 $4,089
$20,000 Cash Savings
$274 Avg. Rate Savings
$4,363 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 39 27
2 20,039 39 27
3 20,078 39 27
4 20,117 39 27
5 20,156 39 27
6 20,195 39 27
7 20,234 39 27
8 20,273 39 28
9 20,313 39 28
10 20,352 39 28
TOTAL: $391 $274

Scenario 2

Rate:
2.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 550 385
2 20,550 565 396
3 21,115 581 406
4 21,696 597 418
5 22,292 613 429
6 22,905 630 441
7 23,535 647 453
8 24,183 665 466
9 24,848 683 478
10 25,531 702 491
TOTAL: $6,233 $4,363

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.