Compound Interest Calculator
CD Account from Beal Bank with 2.40% 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 Beal Bank

Savings Boost of
$2,840 over 10 years
Cash Savings $20,000
Average Interest Earned $907

 
Beal Bank Interest Earned $3,747

 

 

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:
0.63%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 126 88
2 20,126 127 89
3 20,253 128 89
4 20,380 128 90
5 20,509 129 90
6 20,638 130 91
7 20,768 131 92
8 20,899 132 92
9 21,031 132 93
10 21,163 133 93
TOTAL: $1,296 $907

Beal Bank Scenario

Rate:
2.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 480 336
2 20,480 492 344
3 20,972 503 352
4 21,475 515 361
5 21,990 528 369
6 22,518 540 378
7 23,058 553 387
8 23,612 567 397
9 24,179 580 406
10 24,759 594 416
TOTAL: $5,353 $3,747

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.