Compound Interest Calculator
CD Account from Bread Savings, a division of Comenity Capital Bank with 5.35% 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 Bread Savings, a division of Comenity Capital Bank

Savings Boost of
$8,785 over 10 years
Cash Savings $20,000
Average Interest Earned $791

 
Bread Savings, a division of Comenity Capital Bank Interest Earned $9,576

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 111 78
4 20,332 112 78
5 20,444 113 79
6 20,557 113 79
7 20,670 114 80
8 20,784 115 80
9 20,899 115 81
10 21,014 116 81
TOTAL: $1,130 $791

Bread Savings, a division of Comenity Capital Bank Scenario

Rate:
5.35%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,070 749
2 21,070 1,127 789
3 22,197 1,188 831
4 23,385 1,251 876
5 24,636 1,318 923
6 25,954 1,389 972
7 27,342 1,463 1,024
8 28,805 1,541 1,079
9 30,346 1,624 1,136
10 31,970 1,710 1,197
TOTAL: $13,680 $9,576

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.

 

Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

Earn 5.40% Annual Percentage Yield (APY) with a 12-month CD. Member FDIC.

12-Month

Earn 5.35% Annual Percentage Yield (APY) with a 6-month CD. Member FDIC.

6-Month

Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.

Last change: ↑0.30% on January 15.