Compound Interest Calculator
CD Account from B-M S with 0.70% 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 B-M S

Savings Boost of
$441 over 10 years
Cash Savings $20,000
Average Interest Earned $573

 
B-M S Interest Earned $1,014

 

 

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:
0.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 80 56
2 20,080 81 57
3 20,161 81 57
4 20,242 81 57
5 20,324 82 57
6 20,405 82 57
7 20,487 82 58
8 20,570 83 58
9 20,652 83 58
10 20,735 83 58
TOTAL: $819 $573

B-M S Scenario

Rate:
0.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 140 98
2 20,140 141 99
3 20,282 142 100
4 20,424 143 100
5 20,568 144 101
6 20,712 145 102
7 20,857 146 102
8 21,004 147 103
9 21,151 148 104
10 21,300 150 105
TOTAL: $1,449 $1,014

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.