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 $3,749
$20,000 Cash Savings
$295 Avg. Rate Savings
$4,044 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:
0.21%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 42 29
2 20,042 42 29
3 20,084 42 29
4 20,126 42 29
5 20,168 42 30
6 20,210 42 30
7 20,252 42 30
8 20,294 42 30
9 20,337 43 30
10 20,379 43 30
TOTAL: $422 $295

Scenario 2

Rate:
2.57%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 514 360
2 20,514 527 369
3 21,041 541 379
4 21,582 555 388
5 22,137 569 398
6 22,706 584 408
7 23,289 599 419
8 23,888 614 430
9 24,502 630 441
10 25,131 646 452
TOTAL: $5,777 $4,044

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.