Compound Interest Calculator
CD Account from State Bank of India (California) 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

The Results for State Bank of India (California)

Savings Boost of
$5,931 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
State Bank of India (California) Interest Earned $6,723

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

State Bank of India (California) 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?

Earn 5.20% Annual Percentage Yield (APY) with a 12-month CD. Member FDIC.

12-Month

Earn 5.15% Annual Percentage Yield (APY) with a 6-month CD. Member FDIC.

6-Month

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.