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

Cash Savings

Product:

Average Rate (%):

Bank of America, National Association Rate (%):

Compound Interest Period:

Tax Rate:

Email (optional for newsletter registration)

Please leave this field blank

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

Compare

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^?
Forbright Bank	5.65%	$1,000	Learn More on the Forbright Bank website
Start earning 5.65% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.
First Foundation Bank	4.75%	$2,500	Learn More on the First Foundation Bank website
High-yield savings with long-term rate security. Member FDIC.
First Foundation Bank	4.75%	$2,500	Learn More on the First Foundation Bank website
High-yield savings with long-term rate security. Member FDIC.
Discover Bank	5.00%	$2,500	Learn More on the Discover Bank website
Guaranteed returns. No account fees. Member FDIC.
Discover Bank	5.00%	$2,500	Learn More on the Discover Bank website
Guaranteed returns. No account fees. Member FDIC.

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