Compound Interest Calculator
CD Account from Dollar Savings Direct, a division of Emigrant Bank with 3.50% 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 Dollar Savings Direct, a division of Emigrant Bank

Savings Boost of
$5,120 over 10 years
Cash Savings $20,000
Average Interest Earned $628

 
Dollar Savings Direct, a division of Emigrant Bank Interest Earned $5,748

 

 

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:
0.44%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 88 62
2 20,088 88 62
3 20,176 89 62
4 20,265 89 62
5 20,354 90 63
6 20,444 90 63
7 20,534 90 63
8 20,624 91 64
9 20,715 91 64
10 20,806 92 64
TOTAL: $898 $628

Dollar Savings Direct, a division of Emigrant Bank Scenario

Rate:
3.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 700 490
2 20,700 725 507
3 21,425 750 525
4 22,174 776 543
5 22,950 803 562
6 23,754 831 582
7 24,585 860 602
8 25,446 891 623
9 26,336 922 645
10 27,258 954 668
TOTAL: $8,212 $5,748

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.