Compound Interest Calculator
CD Account from SERVICE 1 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 SERVICE 1

Savings Boost of
$203 over 10 years
Cash Savings $20,000
Average Interest Earned $1,034

 
SERVICE 1 Interest Earned $1,237

 

 

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:
0.72%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 143 100
2 20,143 144 101
3 20,287 145 102
4 20,432 146 102
5 20,578 147 103
6 20,725 148 104
7 20,873 149 104
8 21,023 150 105
9 21,173 151 106
10 21,324 152 107
TOTAL: $1,477 $1,034

SERVICE 1 Scenario

Rate:
0.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 170 119
2 20,170 171 120
3 20,341 173 121
4 20,514 174 122
5 20,689 176 123
6 20,865 177 124
7 21,042 179 125
8 21,221 180 126
9 21,401 182 127
10 21,583 183 128
TOTAL: $1,767 $1,237

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.