Compound Interest Calculator
CD Account from MOTION with 0.95% 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 MOTION

Savings Boost of
$256 over 10 years
Cash Savings $20,000
Average Interest Earned $1,139

 
MOTION Interest Earned $1,394

 

 

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

MOTION Scenario

Rate:
0.95%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 191 134
2 20,191 193 135
3 20,383 194 136
4 20,578 196 137
5 20,774 198 139
6 20,972 200 140
7 21,172 202 141
8 21,374 204 143
9 21,578 206 144
10 21,784 208 145
TOTAL: $1,992 $1,394

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.