Compound Interest Calculator
Money Market Account from EBSB Direct with 0.62% 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.

Featured Savings

BANK APY? Vs. Nat'l Av. MIN?
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Use or Change these Amounts And Rates

The Results for EBSB Direct

Savings Boost of
$702 over 10 years
Cash Savings $20,000
Average Interest Earned $190

 
EBSB Direct Interest Earned $893

 

 

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:
0.14%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 27 19
2 20,027 27 19
3 20,054 27 19
4 20,081 27 19
5 20,108 27 19
6 20,135 27 19
7 20,163 27 19
8 20,190 27 19
9 20,217 27 19
10 20,244 27 19
TOTAL: $272 $190

EBSB Direct Scenario

Rate:
0.62%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 124 87
2 20,124 125 87
3 20,249 126 88
4 20,374 126 88
5 20,501 127 89
6 20,628 128 90
7 20,756 129 90
8 20,884 129 91
9 21,014 130 91
10 21,144 131 92
TOTAL: $1,275 $893

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.