Compound Interest Calculator
CD Account from Ivy Bank with 1.85% 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 Ivy Bank

Savings Boost of
$2,238 over 10 years
Cash Savings $20,000
Average Interest Earned $579

 
Ivy Bank Interest Earned $2,817

 

 

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:
0.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 81 57
2 20,081 82 57
3 20,163 82 57
4 20,245 82 58
5 20,327 83 58
6 20,409 83 58
7 20,492 83 58
8 20,575 84 58
9 20,659 84 59
10 20,743 84 59
TOTAL: $827 $579

Ivy Bank Scenario

Rate:
1.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 370 259
2 20,370 377 264
3 20,747 384 269
4 21,131 391 274
5 21,522 398 279
6 21,920 406 284
7 22,325 413 289
8 22,738 421 294
9 23,159 428 300
10 23,587 436 305
TOTAL: $4,024 $2,817

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.