Compound Interest Calculator
CD Account from Bank of Montreal with 1.10% 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.

Featured Savings

BANK APY? Vs. Nat'l Av. MIN?
Sponsored Advertiser Disclosure


Use or Change these Amounts And Rates

The Results for Bank of Montreal

Savings Boost of
$888 over 10 years
Cash Savings $20,000
Average Interest Earned $731

 
Bank of Montreal Interest Earned $1,619

 

 

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:
0.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 102 71
2 20,102 103 72
3 20,205 103 72
4 20,308 104 72
5 20,411 104 73
6 20,515 105 73
7 20,620 105 74
8 20,725 106 74
9 20,831 106 74
10 20,937 107 75
TOTAL: $1,044 $731

Bank of Montreal Scenario

Rate:
1.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 220 154
2 20,220 222 156
3 20,442 225 157
4 20,667 227 159
5 20,895 230 161
6 21,124 232 163
7 21,357 235 164
8 21,592 238 166
9 21,829 240 168
10 22,069 243 170
TOTAL: $2,312 $1,619

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.