Compound Interest Calculator
CD Account from Bank of America, National Association with 3.51% 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 of America, National Association

Savings Boost of
$5,071 over 10 years
Cash Savings $20,000
Average Interest Earned $697

 
Bank of America, National Association Interest Earned $5,767

 

 

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:
0.49%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 97 68
2 20,097 98 69
3 20,195 98 69
4 20,294 99 69
5 20,392 99 70
6 20,492 100 70
7 20,592 100 70
8 20,692 101 71
9 20,793 101 71
10 20,894 102 71
TOTAL: $996 $697

Bank of America, National Association Scenario

Rate:
3.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 702 491
2 20,702 727 509
3 21,429 752 527
4 22,181 779 545
5 22,959 806 564
6 23,765 834 584
7 24,599 863 604
8 25,463 894 626
9 26,357 925 648
10 27,282 958 670
TOTAL: $8,239 $5,767

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?

Start earning 5.65% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.

High-yield savings with long-term rate security. Member FDIC.

High-yield savings with long-term rate security. Member FDIC.

Guaranteed returns. No account fees. Member FDIC.

Guaranteed returns. No account fees. Member FDIC.