Compound Interest Calculator
CD Account from TEXOMA EDUCATORS with 0.42% 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 TEXOMA EDUCATORS

Savings Boost of
$-482 over 10 years
Cash Savings $20,000
Average Interest Earned $1,082

 
TEXOMA EDUCATORS Interest Earned $599

 

 

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

TEXOMA EDUCATORS Scenario

Rate:
0.42%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 84 59
2 20,084 84 59
3 20,168 85 59
4 20,253 85 60
5 20,338 85 60
6 20,424 86 60
7 20,509 86 60
8 20,595 87 61
9 20,682 87 61
10 20,769 87 61
TOTAL: $856 $599

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.