Compound Interest Calculator
CD Account from ServisFirst Bank with 0.71% 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 ServisFirst Bank

Savings Boost of
$106 over 10 years
Cash Savings $20,000
Average Interest Earned $921

 
ServisFirst Bank Interest Earned $1,026

 

 

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:
0.64%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 128 89
2 20,128 129 90
3 20,256 129 91
4 20,386 130 91
5 20,516 131 92
6 20,647 132 92
7 20,779 133 93
8 20,912 134 94
9 21,046 134 94
10 21,180 135 95
TOTAL: $1,315 $921

ServisFirst Bank Scenario

Rate:
0.71%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 142 99
2 20,142 143 100
3 20,285 144 101
4 20,429 145 102
5 20,574 146 102
6 20,720 147 103
7 20,867 148 104
8 21,015 149 104
9 21,165 150 105
10 21,315 151 106
TOTAL: $1,466 $1,026

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.