Compound Interest Calculator
CD Account from BANNER with 0.33% 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 BANNER

Savings Boost of
$-122 over 10 years
Cash Savings $20,000
Average Interest Earned $591

 
BANNER Interest Earned $469

 

 

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

BANNER Scenario

Rate:
0.33%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 66 46
2 20,066 66 46
3 20,132 66 47
4 20,199 67 47
5 20,265 67 47
6 20,332 67 47
7 20,399 67 47
8 20,467 68 47
9 20,534 68 47
10 20,602 68 48
TOTAL: $670 $469

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.