Compound Interest Calculator
CD Account from Bank Northwest with 1.40% 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 Bank Northwest

Savings Boost of
$906 over 10 years
Cash Savings $20,000
Average Interest Earned $1,182

 
Bank Northwest Interest Earned $2,088

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,659 168 118
6 20,827 170 119
7 20,997 171 120
8 21,168 172 121
9 21,340 174 122
10 21,514 175 123
TOTAL: $1,689 $1,182

Bank Northwest Scenario

Rate:
1.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 280 196
2 20,280 284 199
3 20,564 288 202
4 20,852 292 204
5 21,144 296 207
6 21,440 300 210
7 21,740 304 213
8 22,044 309 216
9 22,353 313 219
10 22,666 317 222
TOTAL: $2,983 $2,088

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.