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 $1,457
$20,000 Cash Savings
$177 Avg. Rate Savings
$1,634 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 25 18
2 20,025 25 18
3 20,050 25 18
4 20,076 25 18
5 20,101 25 18
6 20,126 25 18
7 20,152 25 18
8 20,177 25 18
9 20,202 25 18
10 20,228 25 18
TOTAL: $253 $177

Scenario 2

Rate:
1.11%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 222 155
2 20,222 224 157
3 20,446 227 159
4 20,673 229 161
5 20,903 232 162
6 21,135 235 164
7 21,370 237 166
8 21,607 240 168
9 21,847 242 170
10 22,089 245 172
TOTAL: $2,334 $1,634

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.