Compound Interest Calculator
CD Account from Washington Business Bank with 1.41% 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 Washington Business Bank

Savings Boost of
$950 over 10 years
Cash Savings $20,000
Average Interest Earned $1,154

 
Washington Business Bank Interest Earned $2,104

 

 

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:
0.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 159 111
2 20,159 160 112
3 20,319 162 113
4 20,481 163 114
5 20,644 164 115
6 20,808 165 116
7 20,973 167 117
8 21,140 168 118
9 21,308 169 119
10 21,477 171 120
TOTAL: $1,648 $1,154

Washington Business Bank Scenario

Rate:
1.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 282 197
2 20,282 286 200
3 20,568 290 203
4 20,858 294 206
5 21,152 298 209
6 21,450 302 212
7 21,753 307 215
8 22,059 311 218
9 22,371 315 221
10 22,686 320 224
TOTAL: $3,006 $2,104

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.