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 $1,370
$20,000 Cash Savings
$172 Avg. Rate Savings
$1,541 Best Rate Savings
See comparison detail table

The Savings Booster Calculator analysis assumes that the difference between the bank rate entered and the average rate remains constant through the years of the analysis.

Comparison Detail Table Close X

Scenario 1

Rate:
0.12%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 24 17
2 20,024 24 17
3 20,049 24 17
4 20,073 24 17
5 20,098 25 17
6 20,122 25 17
7 20,147 25 17
8 20,171 25 17
9 20,196 25 17
10 20,221 25 17
TOTAL: $245 $172

Scenario 2

Rate:
1.05%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 210 147
2 20,210 212 149
3 20,422 214 150
4 20,637 217 152
5 20,853 219 153
6 21,072 221 155
7 21,294 224 157
8 21,517 226 158
9 21,743 228 160
10 21,971 231 161
TOTAL: $2,202 $1,541

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.