Compound Interest Calculator
CD Account from Seattle Bank with 1.71% 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 Seattle Bank

Savings Boost of
$2,012 over 10 years
Cash Savings $20,000
Average Interest Earned $575

 
Seattle Bank Interest Earned $2,587

 

 

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:
0.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 81 56
2 20,081 81 57
3 20,162 81 57
4 20,243 82 57
5 20,324 82 57
6 20,406 82 58
7 20,488 83 58
8 20,571 83 58
9 20,654 83 58
10 20,737 84 58
TOTAL: $821 $575

Seattle Bank Scenario

Rate:
1.71%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 342 239
2 20,342 348 243
3 20,690 354 248
4 21,044 360 252
5 21,403 366 256
6 21,769 372 261
7 22,142 379 265
8 22,520 385 270
9 22,905 392 274
10 23,297 398 279
TOTAL: $3,696 $2,587

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.