Compound Interest Calculator
Savings Account from Jenius Bank, a division of Sumitomo Mitsui Bank with 5.25% 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 Jenius Bank, a division of Sumitomo Mitsui Bank

Savings Boost of
$9,057 over 10 years
Cash Savings $20,000
Average Interest Earned $297

 
Jenius Bank, a division of Sumitomo Mitsui Bank Interest Earned $9,353

 

 

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:
0.21%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 42 29
2 20,042 42 29
3 20,084 42 30
4 20,126 42 30
5 20,169 42 30
6 20,211 42 30
7 20,253 43 30
8 20,296 43 30
9 20,338 43 30
10 20,381 43 30
TOTAL: $424 $297

Jenius Bank, a division of Sumitomo Mitsui Bank Scenario

Rate:
5.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,050 735
2 21,050 1,105 774
3 22,155 1,163 814
4 23,318 1,224 857
5 24,542 1,288 902
6 25,831 1,356 949
7 27,187 1,427 999
8 28,614 1,502 1,052
9 30,117 1,581 1,107
10 31,698 1,664 1,165
TOTAL: $13,362 $9,353

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.

 

Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

Earn 5.35% Annual Percentage Yield (APY) with a 6-month CD. Member FDIC.

6-Month

Start earning 5.30% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.

9-Month

Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.

Last change: ↑0.30% on January 15.