Compound Interest Calculator
CD Account from Hingham Institution for Savings with 1.65% 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 Hingham Institution for Savings

Savings Boost of
$1,881 over 10 years
Cash Savings $20,000
Average Interest Earned $608

 
Hingham Institution for Savings Interest Earned $2,489

 

 

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:
0.43%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 85 60
2 20,085 86 60
3 20,171 86 60
4 20,257 86 60
5 20,343 87 61
6 20,430 87 61
7 20,517 87 61
8 20,604 88 61
9 20,692 88 62
10 20,780 89 62
TOTAL: $869 $608

Hingham Institution for Savings Scenario

Rate:
1.65%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 330 231
2 20,330 335 235
3 20,665 341 239
4 21,006 347 243
5 21,353 352 247
6 21,705 358 251
7 22,063 364 255
8 22,428 370 259
9 22,798 376 263
10 23,174 382 268
TOTAL: $3,556 $2,489

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.