Compound Interest Calculator
CD Account from MUTUAL SAVINGS with 1.21% 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 MUTUAL SAVINGS

Savings Boost of
$775 over 10 years
Cash Savings $20,000
Average Interest Earned $1,010

 
MUTUAL SAVINGS Interest Earned $1,785

 

 

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 99
4 20,422 143 100
5 20,565 144 101
6 20,709 145 101
7 20,854 146 102
8 20,999 147 103
9 21,146 148 103
10 21,294 149 104
TOTAL: $1,443 $1,010

MUTUAL SAVINGS Scenario

Rate:
1.21%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 241 169
2 20,241 244 171
3 20,486 247 173
4 20,733 250 175
5 20,983 253 177
6 21,236 256 179
7 21,493 259 182
8 21,752 263 184
9 22,015 266 186
10 22,281 269 188
TOTAL: $2,549 $1,785

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.