Savings and CD Calculator

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Input the numbers

The Results

Savings Boost of $1,672
$20,000 Cash Savings
$180 Avg. Rate Savings
$1,852 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:
0.13%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 26 18
2 20,026 26 18
3 20,051 26 18
4 20,077 26 18
5 20,103 26 18
6 20,128 26 18
7 20,154 26 18
8 20,180 26 18
9 20,206 26 18
10 20,232 26 18
TOTAL: $257 $180

Scenario 2

Rate:
1.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 250 175
2 20,250 253 177
3 20,503 256 179
4 20,759 259 182
5 21,019 263 184
6 21,282 266 186
7 21,548 269 189
8 21,817 273 191
9 22,090 276 193
10 22,366 280 196
TOTAL: $2,645 $1,852

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.