Compound Interest Calculator
CD Account from ALABAMA TEACHERS with 1.51% 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
$1,125 over 10 years
Cash Savings $20,000
Average Interest Earned $1,139

 
ALABAMA TEACHERS Interest Earned $2,264

 

 

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:
0.79%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 157 110
2 20,157 158 111
3 20,315 159 112
4 20,475 161 113
5 20,635 162 113
6 20,797 163 114
7 20,961 165 115
8 21,125 166 116
9 21,291 167 117
10 21,458 168 118
TOTAL: $1,627 $1,139

ALABAMA TEACHERS Scenario

Rate:
1.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 302 211
2 20,302 307 215
3 20,609 311 218
4 20,920 316 221
5 21,236 321 224
6 21,556 326 228
7 21,882 330 231
8 22,212 335 235
9 22,548 340 238
10 22,888 346 242
TOTAL: $3,234 $2,264

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.