Compound Interest Calculator
CD Account from UNITED STATES SENATE with 0.40% 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 UNITED STATES SENATE

Savings Boost of
$-45 over 10 years
Cash Savings $20,000
Average Interest Earned $615

 
UNITED STATES SENATE Interest Earned $570

 

 

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:
0.43%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 86 60
2 20,086 87 61
3 20,173 87 61
4 20,260 87 61
5 20,347 88 61
6 20,435 88 62
7 20,523 88 62
8 20,611 89 62
9 20,700 89 62
10 20,789 90 63
TOTAL: $879 $615

UNITED STATES SENATE Scenario

Rate:
0.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 80 56
2 20,080 80 56
3 20,160 81 56
4 20,241 81 57
5 20,322 81 57
6 20,403 82 57
7 20,485 82 57
8 20,567 82 58
9 20,649 83 58
10 20,732 83 58
TOTAL: $815 $570

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.