Compound Interest Calculator
CD Account from American Express Bank, FSB with 4.25% 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 American Express Bank, FSB

Savings Boost of
$6,444 over 10 years
Cash Savings $20,000
Average Interest Earned $783

 
American Express Bank, FSB Interest Earned $7,227

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 109 76
2 20,109 110 77
3 20,219 110 77
4 20,329 111 78
5 20,440 112 78
6 20,552 112 79
7 20,664 113 79
8 20,777 113 79
9 20,890 114 80
10 21,005 115 80
TOTAL: $1,119 $783

American Express Bank, FSB Scenario

Rate:
4.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 850 595
2 20,850 886 620
3 21,736 924 647
4 22,660 963 674
5 23,623 1,004 703
6 24,627 1,047 733
7 25,674 1,091 764
8 26,765 1,137 796
9 27,902 1,186 830
10 29,088 1,236 865
TOTAL: $10,324 $7,227

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

6-Month

Start earning 5.30% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.

9-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.