Compound Interest Calculator
Savings Account from Vio Bank, A Division of MidFirst Bank with 1.04% 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 Vio Bank, A Division of MidFirst Bank

Savings Boost of
$1,357 over 10 years
Cash Savings $20,000
Average Interest Earned $169

 
Vio Bank, A Division of MidFirst Bank Interest Earned $1,526

 

 

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:
0.12%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 24 17
2 20,024 24 17
3 20,048 24 17
4 20,072 24 17
5 20,096 24 17
6 20,120 24 17
7 20,144 24 17
8 20,169 24 17
9 20,193 24 17
10 20,217 24 17
TOTAL: $241 $169

Vio Bank, A Division of MidFirst Bank Scenario

Rate:
1.04%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 208 146
2 20,208 210 147
3 20,418 212 149
4 20,631 215 150
5 20,845 217 152
6 21,062 219 153
7 21,281 221 155
8 21,502 224 157
9 21,726 226 158
10 21,952 228 160
TOTAL: $2,180 $1,526

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.