Compound Interest Calculator
Money Market Account from OU with 0.85% 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 OU

Savings Boost of
$1,079 over 10 years
Cash Savings $20,000
Average Interest Earned $162

 
OU Interest Earned $1,241

 

 

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:
0.12%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 23 16
2 20,023 23 16
3 20,046 23 16
4 20,069 23 16
5 20,092 23 16
6 20,115 23 16
7 20,138 23 16
8 20,162 23 16
9 20,185 23 16
10 20,208 23 16
TOTAL: $231 $162

OU Scenario

Rate:
0.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 171 119
2 20,171 172 120
3 20,343 174 121
4 20,516 175 123
5 20,691 176 124
6 20,868 178 125
7 21,046 180 126
8 21,225 181 127
9 21,406 183 128
10 21,589 184 129
TOTAL: $1,773 $1,241

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.