Compound Interest Calculator
CD Account from Primary Bank with 4.00% 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

Cash Savings

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Average Rate (%):

Primary Bank Rate (%):

Compound Interest Period:

Tax Rate:

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The Results for Primary Bank

Savings Boost of
$6,026 over 10 years

Cash Savings $20,000

Average Interest Earned $697

Primary Bank Interest Earned $6,723

Compare

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: 0.49%	Annual Interest	Annual Interest (After Tax)
1	20,000	97	68
2	20,097	98	69
3	20,195	98	69
4	20,294	99	69
5	20,392	99	70
6	20,492	100	70
7	20,592	100	70
8	20,692	101	71
9	20,793	101	71
10	20,894	102	71
	TOTAL:	$996	$697

Primary Bank Scenario

	Rate: 4.00%	Annual Interest	Annual Interest (After Tax)
1	20,000	800	560
2	20,800	832	582
3	21,632	865	606
4	22,497	900	630
5	23,397	936	655
6	24,333	973	681
7	25,306	1,012	709
8	26,319	1,053	737
9	27,371	1,095	766
10	28,466	1,139	797
	TOTAL:	$9,605	$6,723

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

Advertiser Disclosure

ONLINE BANKS	APY^?	MIN^?
Forbright Bank	5.65%	$1,000	Learn More on the Forbright Bank website
Start earning 5.65% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.
First Foundation Bank	4.75%	$2,500	Learn More on the First Foundation Bank website
High-yield savings with long-term rate security. Member FDIC.
First Foundation Bank	4.75%	$2,500	Learn More on the First Foundation Bank website
High-yield savings with long-term rate security. Member FDIC.
Discover Bank	5.00%	$2,500	Learn More on the Discover Bank website
Guaranteed returns. No account fees. Member FDIC.
Discover Bank	5.00%	$2,500	Learn More on the Discover Bank website
Guaranteed returns. No account fees. Member FDIC.

Compound Interest Calculator CD Account from Primary Bank with 4.00% APY