Compound Interest Calculator
CD Account from Popular Direct with 2.01% 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 Popular Direct

Savings Boost of
$1,941 over 10 years
Cash Savings $20,000
Average Interest Earned $1,142

 
Popular Direct Interest Earned $3,083

 

 

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 20,157 159 111
3 20,316 160 112
4 20,476 161 113
5 20,637 162 114
6 20,799 164 115
7 20,963 165 115
8 21,128 166 116
9 21,294 168 117
10 21,462 169 118
TOTAL: $1,631 $1,142

Popular Direct Scenario

Rate:
2.01%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 402 281
2 20,402 410 287
3 20,812 418 293
4 21,230 427 299
5 21,657 435 305
6 22,092 444 311
7 22,537 453 317
8 22,989 462 323
9 23,452 471 330
10 23,923 481 337
TOTAL: $4,404 $3,083

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.