Compound Interest Calculator
CD Account from ALABAMA with 1.36% 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
$876 over 10 years
Cash Savings $20,000
Average Interest Earned $1,149

 
ALABAMA Interest Earned $2,025

 

 

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 20,000 158 111
2 20,158 160 112
3 20,318 161 113
4 20,479 162 114
5 20,641 163 114
6 20,805 165 115
7 20,969 166 116
8 21,135 167 117
9 21,303 169 118
10 21,472 170 119
TOTAL: $1,642 $1,149

ALABAMA Scenario

Rate:
1.36%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 272 190
2 20,272 276 193
3 20,548 279 196
4 20,827 283 198
5 21,110 287 201
6 21,397 291 204
7 21,689 295 206
8 21,983 299 209
9 22,282 303 212
10 22,585 307 215
TOTAL: $2,893 $2,025

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.