Compound Interest Calculator
CD Account from Axiom Bank, National Association with 1.25% 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 Axiom Bank, National Association

Savings Boost of
$1,273 over 10 years
Cash Savings $20,000
Average Interest Earned $579

 
Axiom Bank, National Association Interest Earned $1,852

 

 

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

Axiom Bank, National Association Scenario

Rate:
1.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 250 175
2 20,250 253 177
3 20,503 256 179
4 20,759 259 182
5 21,019 263 184
6 21,282 266 186
7 21,548 269 189
8 21,817 273 191
9 22,090 276 193
10 22,366 280 196
TOTAL: $2,645 $1,852

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.