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

Cash Savings

Product:

Average Rate:

Best Rate:

Years at Rate:

Tax Rate:

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The Results

Savings Boost of $2,852

$20,000 Cash Savings

$214 Avg. Rate Savings

$3,066 Best Rate Savings

See comparison detail table

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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: 0.15%	Annual Interest	Annual Interest (After Tax)
1	20,000	30	21
2	20,030	30	21
3	20,061	30	21
4	20,091	31	21
5	20,122	31	21
6	20,152	31	21
7	20,183	31	21
8	20,214	31	22
9	20,244	31	22
10	20,275	31	22
	TOTAL:	$306	$214

Scenario 2

	Rate: 2.00%	Annual Interest	Annual Interest (After Tax)
1	20,000	400	280
2	20,400	408	286
3	20,808	416	291
4	21,224	424	297
5	21,649	433	303
6	22,082	442	309
7	22,523	450	315
8	22,974	459	322
9	23,433	469	328
10	23,902	478	335
	TOTAL:	$4,380	$3,066

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.

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