Compound Interest Calculator
CD Account from Bread Savings, a division of Comenity Capital Bank with 5.05% 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
$8,282 over 10 years
Cash Savings $20,000
Average Interest Earned $631

 
Bread Savings, a division of Comenity Capital Bank Interest Earned $8,913

 

 

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:
0.44%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 88 62
2 20,088 89 62
3 20,177 89 62
4 20,266 90 63
5 20,356 90 63
6 20,446 90 63
7 20,536 91 64
8 20,627 91 64
9 20,718 92 64
10 20,810 92 64
TOTAL: $902 $631

Bread Savings, a division of Comenity Capital Bank Scenario

Rate:
5.05%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,010 707
2 21,010 1,061 743
3 22,071 1,115 780
4 23,186 1,171 820
5 24,356 1,230 861
6 25,586 1,292 904
7 26,879 1,357 950
8 28,236 1,426 998
9 29,662 1,498 1,049
10 31,160 1,574 1,101
TOTAL: $12,733 $8,913

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.