Compound Interest Calculator
CD Account from Brainerd Savings and Loan Association, A Federal Association with 1.26% 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 Brainerd Savings and Loan Association, A Federal Association

Savings Boost of
$709 over 10 years
Cash Savings $20,000
Average Interest Earned $1,158

 
Brainerd Savings and Loan Association, A Federal Association Interest Earned $1,867

 

 

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:
0.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 160 112
2 20,160 161 113
3 20,320 162 114
4 20,483 163 114
5 20,646 165 115
6 20,811 166 116
7 20,977 167 117
8 21,144 169 118
9 21,313 170 119
10 21,483 171 120
TOTAL: $1,655 $1,158

Brainerd Savings and Loan Association, A Federal Association Scenario

Rate:
1.26%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 252 176
2 20,252 255 179
3 20,507 258 181
4 20,766 262 183
5 21,027 265 185
6 21,292 268 188
7 21,560 272 190
8 21,832 275 193
9 22,107 279 195
10 22,386 282 197
TOTAL: $2,668 $1,867

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.