Compound Interest Calculator
CD Account from UNITED STATES SENATE with 3.15% 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
$4,847 over 10 years
Cash Savings $20,000
Average Interest Earned $244

 
UNITED STATES SENATE Interest Earned $5,091

 

 

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:
0.17%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 35 24
2 20,035 35 24
3 20,069 35 24
4 20,104 35 24
5 20,139 35 24
6 20,174 35 24
7 20,208 35 24
8 20,243 35 25
9 20,278 35 25
10 20,314 35 25
TOTAL: $349 $244

UNITED STATES SENATE Scenario

Rate:
3.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 630 441
2 20,630 650 455
3 21,280 670 469
4 21,950 691 484
5 22,642 713 499
6 23,355 736 515
7 24,090 759 531
8 24,849 783 548
9 25,632 807 565
10 26,439 833 583
TOTAL: $7,272 $5,091

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.

 

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Advertiser Disclosure
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High-yield savings with long-term rate security. Member FDIC.

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