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 $3,749

$20,000 Cash Savings

$295 Avg. Rate Savings

$4,044 Best Rate Savings

See comparison detail table

Take Action

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: 0.21%	Annual Interest	Annual Interest (After Tax)
1	20,000	42	29
2	20,042	42	29
3	20,084	42	29
4	20,126	42	29
5	20,168	42	30
6	20,210	42	30
7	20,252	42	30
8	20,294	42	30
9	20,337	43	30
10	20,379	43	30
	TOTAL:	$422	$295

Scenario 2

	Rate: 2.57%	Annual Interest	Annual Interest (After Tax)
1	20,000	514	360
2	20,514	527	369
3	21,041	541	379
4	21,582	555	388
5	22,137	569	398
6	22,706	584	408
7	23,289	599	419
8	23,888	614	430
9	24,502	630	441
10	25,131	646	452
	TOTAL:	$5,777	$4,044

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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