Compound Interest Calculator
CD Account from Bank5 Connect with 0.80% 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 Bank5 Connect

Savings Boost of
$552 over 10 years
Cash Savings $20,000
Average Interest Earned $609

 
Bank5 Connect Interest Earned $1,161

 

 

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:
0.43%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 85 60
2 20,085 86 60
3 20,171 86 60
4 20,257 86 61
5 20,344 87 61
6 20,431 87 61
7 20,518 88 61
8 20,606 88 62
9 20,693 88 62
10 20,782 89 62
TOTAL: $871 $609

Bank5 Connect Scenario

Rate:
0.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 160 112
2 20,160 161 113
3 20,321 163 114
4 20,484 164 115
5 20,648 165 116
6 20,813 167 117
7 20,979 168 117
8 21,147 169 118
9 21,316 171 119
10 21,487 172 120
TOTAL: $1,659 $1,161

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.