Compound Interest Calculator
CD Account from ALABAMA TEACHERS with 1.26% APY

Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.

Use or Change these Amounts And Rates

The Results for ALABAMA TEACHERS

Savings Boost of
$972 over 10 years
Cash Savings $20,000
Average Interest Earned $896

 
ALABAMA TEACHERS Interest Earned $1,867

 

 

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

Average Rate Scenario

Rate:
0.62%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 124 87
2 20,124 125 88
3 20,250 126 88
4 20,376 127 89
5 20,502 128 89
6 20,630 128 90
7 20,758 129 90
8 20,887 130 91
9 21,017 131 92
10 21,148 132 92
TOTAL: $1,279 $896

ALABAMA TEACHERS Scenario

Rate:
1.26%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 252 176
2 20,252 255 179
3 20,507 258 181
4 20,766 262 183
5 21,027 265 185
6 21,292 268 188
7 21,560 272 190
8 21,832 275 193
9 22,107 279 195
10 22,386 282 197
TOTAL: $2,668 $1,867

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.