Compound Interest Calculator
CD Account from BankDirect, a division of Texas Capital Bank with 1.11% 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.

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BANK APY? Vs. Nat'l Av. MIN?
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Use or Change these Amounts And Rates

The Results for BankDirect, a division of Texas Capital Bank

Savings Boost of
$903 over 10 years
Cash Savings $20,000
Average Interest Earned $731

 
BankDirect, a division of Texas Capital Bank Interest Earned $1,634

 

 

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

BankDirect, a division of Texas Capital Bank Scenario

Rate:
1.11%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 222 155
2 20,222 224 157
3 20,446 227 159
4 20,673 229 161
5 20,903 232 162
6 21,135 235 164
7 21,370 237 166
8 21,607 240 168
9 21,847 242 170
10 22,089 245 172
TOTAL: $2,334 $1,634

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.