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 $2,852
$20,000 Cash Savings
$214 Avg. Rate Savings
$3,066 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:
0.15%
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.