Compound Interest Calculator
CD Account from One American Bank with 1.96% 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 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 One American Bank

Savings Boost of
$1,917 over 10 years
Cash Savings $20,000
Average Interest Earned $1,082

 
One American Bank Interest Earned $2,999

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 149 105
2 20,149 151 105
3 20,300 152 106
4 20,452 153 107
5 20,604 154 108
6 20,758 155 109
7 20,913 156 109
8 21,070 157 110
9 21,227 159 111
10 21,385 160 112
TOTAL: $1,545 $1,082

One American Bank Scenario

Rate:
1.96%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 392 274
2 20,392 400 280
3 20,792 408 285
4 21,199 416 291
5 21,615 424 297
6 22,038 432 302
7 22,470 440 308
8 22,911 449 314
9 23,360 458 320
10 23,818 467 327
TOTAL: $4,284 $2,999

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

ONLINE BANKS APY? MIN?

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: ↑0.20% on September 8, 2023.

Last change: ↓0.05% on March 15.

Last change: ↑0.09% on March 12.