Compound Interest Calculator
CD Account from DISTRICT OF COLUMBIA TEACHERS with 0.46% 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 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 DISTRICT OF COLUMBIA TEACHERS

Savings Boost of
$-283 over 10 years
Cash Savings $20,000
Average Interest Earned $940

 
DISTRICT OF COLUMBIA TEACHERS Interest Earned $657

 

 

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:
0.65%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 130 91
2 20,130 131 92
3 20,262 132 92
4 20,394 133 93
5 20,527 134 94
6 20,661 135 94
7 20,795 136 95
8 20,931 136 96
9 21,067 137 96
10 21,205 138 97
TOTAL: $1,343 $940

DISTRICT OF COLUMBIA TEACHERS Scenario

Rate:
0.46%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 92 64
2 20,092 92 65
3 20,184 93 65
4 20,277 93 65
5 20,371 94 66
6 20,464 94 66
7 20,558 95 66
8 20,653 95 67
9 20,748 95 67
10 20,843 96 67
TOTAL: $939 $657

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

ONLINE BANKS APY? MIN?

Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.

Last change: ↑0.20% on September 8, 2023.

Last change: ↓0.05% on March 15.

Last change: ↑0.09% on March 12.