Compound Interest Calculator
CD Account from Cedar Security Bank with 1.11% 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 Cedar Security Bank

Savings Boost of
$634 over 10 years
Cash Savings $20,000
Average Interest Earned $1,000

 
Cedar Security Bank Interest Earned $1,634

 

 

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:
0.69%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 138 97
2 20,138 139 98
3 20,278 140 98
4 20,418 141 99
5 20,559 142 100
6 20,702 143 100
7 20,845 144 101
8 20,989 145 102
9 21,134 146 102
10 21,281 147 103
TOTAL: $1,428 $1,000

Cedar Security Bank Scenario

Rate:
1.11%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 222 155
2 20,222 224 157
3 20,446 227 159
4 20,673 229 161
5 20,903 232 162
6 21,135 235 164
7 21,370 237 166
8 21,607 240 168
9 21,847 242 170
10 22,089 245 172
TOTAL: $2,334 $1,634

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.