Compound Interest Calculator
CD Account from BANNER with 0.43% 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
$-161 over 10 years
Cash Savings $20,000
Average Interest Earned $775

 
BANNER Interest Earned $614

 

 

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:
0.54%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 108 76
2 20,108 109 76
3 20,217 109 76
4 20,326 110 77
5 20,436 110 77
6 20,546 111 78
7 20,657 112 78
8 20,768 112 79
9 20,881 113 79
10 20,993 113 79
TOTAL: $1,107 $775

BANNER Scenario

Rate:
0.43%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 86 60
2 20,086 86 60
3 20,172 87 61
4 20,259 87 61
5 20,346 87 61
6 20,434 88 62
7 20,522 88 62
8 20,610 89 62
9 20,698 89 62
10 20,787 89 63
TOTAL: $877 $614

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.