Compound Interest Calculator
Savings Account from Amalgamated Bank with 2.75% 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 Amalgamated Bank

Savings Boost of
$4,068 over 10 years
Cash Savings $20,000
Average Interest Earned $295

 
Amalgamated Bank Interest Earned $4,363

 

 

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:
0.21%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 42 29
2 20,042 42 29
3 20,084 42 29
4 20,126 42 29
5 20,168 42 30
6 20,210 42 30
7 20,252 42 30
8 20,294 42 30
9 20,337 43 30
10 20,379 43 30
TOTAL: $422 $295

Amalgamated Bank Scenario

Rate:
2.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 550 385
2 20,550 565 396
3 21,115 581 406
4 21,696 597 418
5 22,292 613 429
6 22,905 630 441
7 23,535 647 453
8 24,183 665 466
9 24,848 683 478
10 25,531 702 491
TOTAL: $6,233 $4,363

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.

 

Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

Earn 5.40% Annual Percentage Yield (APY) with a 12-month CD. Member FDIC.

12-Month

Earn 5.35% Annual Percentage Yield (APY) with a 6-month CD. Member FDIC.

6-Month

Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.

Last change: ↑0.30% on January 15.