Compound Interest Calculator
CD Account from MERIDIAN TRUST with 1.20% 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 MERIDIAN TRUST

Savings Boost of
$635 over 10 years
Cash Savings $20,000
Average Interest Earned $1,139

 
MERIDIAN TRUST Interest Earned $1,774

 

 

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:
0.79%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 157 110
2 20,157 158 111
3 20,315 159 112
4 20,475 161 113
5 20,635 162 113
6 20,797 163 114
7 20,961 165 115
8 21,125 166 116
9 21,291 167 117
10 21,458 168 118
TOTAL: $1,627 $1,139

MERIDIAN TRUST Scenario

Rate:
1.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 240 168
2 20,240 243 170
3 20,483 246 172
4 20,729 249 174
5 20,977 252 176
6 21,229 255 178
7 21,484 258 180
8 21,742 261 183
9 22,003 264 185
10 22,267 267 187
TOTAL: $2,534 $1,774

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.