Compound Interest Calculator
CD Account from Bank of Pontiac with 0.25% 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 Pontiac

Savings Boost of
$-237 over 10 years
Cash Savings $20,000
Average Interest Earned $591

 
Bank of Pontiac Interest Earned $354

 

 

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:
0.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 83 58
2 20,083 83 58
3 20,166 83 58
4 20,249 84 59
5 20,333 84 59
6 20,417 85 59
7 20,502 85 59
8 20,587 85 60
9 20,672 86 60
10 20,758 86 60
TOTAL: $844 $591

Bank of Pontiac Scenario

Rate:
0.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 50 35
2 20,050 50 35
3 20,100 50 35
4 20,150 50 35
5 20,201 51 35
6 20,251 51 35
7 20,302 51 36
8 20,353 51 36
9 20,404 51 36
10 20,455 51 36
TOTAL: $506 $354

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.