Compound Interest Calculator
CD Account from Liberty Bank with 0.75% 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 Liberty Bank

Savings Boost of
$73 over 10 years
Cash Savings $20,000
Average Interest Earned $1,013

 
Liberty Bank Interest Earned $1,086

 

 

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:
0.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 140 98
2 20,140 141 99
3 20,281 142 100
4 20,424 143 100
5 20,567 144 101
6 20,711 145 102
7 20,856 146 102
8 21,002 147 103
9 21,150 148 104
10 21,298 149 105
TOTAL: $1,447 $1,013

Liberty Bank Scenario

Rate:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

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.