Compound Interest Calculator
CD Account from ALABAMA with 0.66% 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

Savings Boost of
$373 over 10 years
Cash Savings $20,000
Average Interest Earned $579

 
ALABAMA Interest Earned $952

 

 

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:
0.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 81 57
2 20,081 82 57
3 20,163 82 57
4 20,245 82 58
5 20,327 83 58
6 20,409 83 58
7 20,492 83 58
8 20,575 84 58
9 20,659 84 59
10 20,743 84 59
TOTAL: $827 $579

ALABAMA Scenario

Rate:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 132 92
2 20,132 133 93
3 20,265 134 94
4 20,399 135 94
5 20,533 136 95
6 20,669 136 95
7 20,805 137 96
8 20,942 138 97
9 21,081 139 97
10 21,220 140 98
TOTAL: $1,360 $952

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.