Compound Interest Calculator
CD Account from WESTEX with 0.98% 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 WESTEX

Savings Boost of
$831 over 10 years
Cash Savings $20,000
Average Interest Earned $609

 
WESTEX Interest Earned $1,440

 

 

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 85 60
2 20,085 86 60
3 20,171 86 60
4 20,257 86 61
5 20,344 87 61
6 20,431 87 61
7 20,518 88 61
8 20,606 88 62
9 20,693 88 62
10 20,782 89 62
TOTAL: $871 $609

WESTEX Scenario

Rate:
0.98%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 197 138
2 20,197 199 139
3 20,396 201 140
4 20,596 203 142
5 20,799 205 143
6 21,004 207 145
7 21,210 209 146
8 21,419 211 148
9 21,630 213 149
10 21,843 215 150
TOTAL: $2,057 $1,440

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.