Compound Interest Calculator
CD Account from CIBC Bank USA with 0.35% 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 CIBC Bank USA

Savings Boost of
$-262 over 10 years
Cash Savings $20,000
Average Interest Earned $760

 
CIBC Bank USA Interest Earned $498

 

 

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:
0.53%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 106 74
2 20,106 107 75
3 20,213 107 75
4 20,320 108 75
5 20,427 108 76
6 20,536 109 76
7 20,644 109 77
8 20,754 110 77
9 20,864 111 77
10 20,974 111 78
TOTAL: $1,086 $760

CIBC Bank USA Scenario

Rate:
0.35%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 70 49
2 20,070 70 49
3 20,140 70 49
4 20,211 71 50
5 20,281 71 50
6 20,352 71 50
7 20,424 71 50
8 20,495 72 50
9 20,567 72 50
10 20,639 72 51
TOTAL: $711 $498

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.