Compound Interest Calculator
CD Account from MAZUMA with 0.70% 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 MAZUMA

Savings Boost of
$-18 over 10 years
Cash Savings $20,000
Average Interest Earned $1,029

 
MAZUMA Interest Earned $1,011

 

 

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:
0.71%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 142 100
2 20,142 143 100
3 20,286 144 101
4 20,430 145 102
5 20,576 146 103
6 20,722 148 103
7 20,870 149 104
8 21,018 150 105
9 21,168 151 106
10 21,319 152 106
TOTAL: $1,471 $1,029

MAZUMA Scenario

Rate:
0.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 140 98
2 20,140 141 99
3 20,281 142 99
4 20,423 143 100
5 20,566 144 101
6 20,710 145 101
7 20,855 146 102
8 21,001 147 103
9 21,148 148 104
10 21,296 149 104
TOTAL: $1,445 $1,011

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.