Compound Interest Calculator
CD Account from Bank of Odessa with 1.51% 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 Odessa

Savings Boost of
$1,248 over 10 years
Cash Savings $20,000
Average Interest Earned $1,016

 
Bank of Odessa Interest Earned $2,264

 

 

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:
0.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 141 98
2 20,141 142 99
3 20,282 143 100
4 20,425 144 101
5 20,568 145 101
6 20,713 146 102
7 20,859 147 103
8 21,005 148 103
9 21,153 149 104
10 21,302 150 105
TOTAL: $1,451 $1,016

Bank of Odessa Scenario

Rate:
1.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 302 211
2 20,302 307 215
3 20,609 311 218
4 20,920 316 221
5 21,236 321 224
6 21,556 326 228
7 21,882 330 231
8 22,212 335 235
9 22,548 340 238
10 22,888 346 242
TOTAL: $3,234 $2,264

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.