Compound Interest Calculator
CD Account from B-M S with 0.90% 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
$421 over 10 years
Cash Savings $20,000
Average Interest Earned $897

 
B-M S Interest Earned $1,318

 

 

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:
0.62%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 125 87
2 20,125 125 88
3 20,250 126 88
4 20,376 127 89
5 20,503 128 89
6 20,631 129 90
7 20,759 129 91
8 20,889 130 91
9 21,019 131 92
10 21,150 132 92
TOTAL: $1,282 $897

B-M S Scenario

Rate:
0.90%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 181 127
2 20,181 182 128
3 20,363 184 129
4 20,547 186 130
5 20,733 187 131
6 20,920 189 132
7 21,110 191 134
8 21,300 193 135
9 21,493 194 136
10 21,687 196 137
TOTAL: $1,883 $1,318

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.