Compound Interest Calculator
CD Account from FRANKLIN-SOMERSET with 0.55% 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 FRANKLIN-SOMERSET

Savings Boost of
$216 over 10 years
Cash Savings $20,000
Average Interest Earned $576

 
FRANKLIN-SOMERSET Interest Earned $792

 

 

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:
0.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 81 57
2 20,081 81 57
3 20,162 81 57
4 20,243 82 57
5 20,325 82 57
6 20,407 82 58
7 20,490 83 58
8 20,573 83 58
9 20,656 83 58
10 20,739 84 59
TOTAL: $823 $576

FRANKLIN-SOMERSET Scenario

Rate:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

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.