Compound Interest Calculator
CD Account from Southern Bank of Tennessee with 0.69% 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 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 Southern Bank of Tennessee

Savings Boost of
$-85 over 10 years
Cash Savings $20,000
Average Interest Earned $1,082

 
Southern Bank of Tennessee Interest Earned $997

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 149 105
2 20,149 151 105
3 20,300 152 106
4 20,452 153 107
5 20,604 154 108
6 20,758 155 109
7 20,913 156 109
8 21,070 157 110
9 21,227 159 111
10 21,385 160 112
TOTAL: $1,545 $1,082

Southern Bank of Tennessee Scenario

Rate:
0.69%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 138 97
2 20,138 139 97
3 20,277 140 98
4 20,417 141 99
5 20,558 142 99
6 20,700 143 100
7 20,842 144 101
8 20,986 145 101
9 21,131 146 102
10 21,277 147 103
TOTAL: $1,424 $997

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

ONLINE BANKS APY? MIN?

Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.

Last change: ↑0.20% on September 8, 2023.

Last change: ↓0.05% on March 15.

Last change: ↑0.09% on March 12.