Compound Interest Calculator
CD Account from TRUMARK FINANCIAL with 4.05% 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 TRUMARK FINANCIAL

Savings Boost of
$5,494 over 10 years
Cash Savings $20,000
Average Interest Earned $1,329

 
TRUMARK FINANCIAL Interest Earned $6,823

 

 

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:
0.91%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 182 128
2 20,182 184 129
3 20,366 186 130
4 20,552 187 131
5 20,739 189 132
6 20,928 191 133
7 21,118 192 135
8 21,311 194 136
9 21,505 196 137
10 21,701 198 138
TOTAL: $1,899 $1,329

TRUMARK FINANCIAL Scenario

Rate:
4.05%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 810 567
2 20,810 843 590
3 21,653 877 614
4 22,530 912 639
5 23,442 949 665
6 24,392 988 692
7 25,379 1,028 720
8 26,407 1,069 749
9 27,477 1,113 779
10 28,590 1,158 811
TOTAL: $9,748 $6,823

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.