Compound Interest Calculator
CANVAS with 0.20% 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 CANVAS

Savings Boost of
$48 over 10 years
Cash Savings $20,000
Average Interest Earned $234

 
CANVAS Interest Earned $283

 

 

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:
0.17%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 33 23
2 20,033 33 23
3 20,066 33 23
4 20,100 33 23
5 20,133 33 23
6 20,167 33 23
7 20,200 34 23
8 20,234 34 24
9 20,267 34 24
10 20,301 34 24
TOTAL: $334 $234

CANVAS Scenario

Rate:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

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?

Start earning 5.65% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.

High-yield savings with long-term rate security. Member FDIC.

High-yield savings with long-term rate security. Member FDIC.

Guaranteed returns. No account fees. Member FDIC.

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