Compound Interest Calculator
CD Account from CFG Bank with 0.67% 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 CFG Bank

Savings Boost of
$378 over 10 years
Cash Savings $20,000
Average Interest Earned $589

 
CFG Bank Interest Earned $967

 

 

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:
0.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 83 58
2 20,083 83 58
3 20,166 83 58
4 20,249 84 59
5 20,332 84 59
6 20,416 84 59
7 20,501 85 59
8 20,585 85 60
9 20,670 85 60
10 20,756 86 60
TOTAL: $842 $589

CFG Bank Scenario

Rate:
0.67%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 134 94
2 20,134 135 94
3 20,269 136 95
4 20,405 137 96
5 20,541 138 96
6 20,679 139 97
7 20,818 139 98
8 20,957 140 98
9 21,097 141 99
10 21,239 142 100
TOTAL: $1,381 $967

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.