Compound Interest Calculator
CD Account from Modern Bank, National Association with 5.38% 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 Modern Bank, National Association

Savings Boost of
$8,860 over 10 years
Cash Savings $20,000
Average Interest Earned $783

 
Modern Bank, National Association Interest Earned $9,643

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 109 76
2 20,109 110 77
3 20,219 110 77
4 20,329 111 78
5 20,440 112 78
6 20,552 112 79
7 20,664 113 79
8 20,777 113 79
9 20,890 114 80
10 21,005 115 80
TOTAL: $1,119 $783

Modern Bank, National Association Scenario

Rate:
5.38%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,076 753
2 21,076 1,134 794
3 22,210 1,195 836
4 23,405 1,259 881
5 24,664 1,327 929
6 25,991 1,398 979
7 27,389 1,474 1,031
8 28,863 1,553 1,087
9 30,416 1,636 1,145
10 32,052 1,724 1,207
TOTAL: $13,776 $9,643

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.