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 $3,551
$20,000 Cash Savings
$283 Avg. Rate Savings
$3,834 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:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

Scenario 2

Rate:
2.45%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 490 343
2 20,490 502 351
3 20,992 514 360
4 21,506 527 369
5 22,033 540 378
6 22,573 553 387
7 23,126 567 397
8 23,693 580 406
9 24,273 595 416
10 24,868 609 426
TOTAL: $5,477 $3,834

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.