Compound Interest Calculator
CD Account from WESTEX with 1.09% 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
$806 over 10 years
Cash Savings $20,000
Average Interest Earned $789

 
WESTEX Interest Earned $1,595

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 77
3 20,221 111 78
4 20,332 112 78
5 20,444 112 79
6 20,556 113 79
7 20,669 114 80
8 20,783 114 80
9 20,897 115 80
10 21,012 116 81
TOTAL: $1,128 $789

WESTEX Scenario

Rate:
1.09%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 217 152
2 20,217 219 154
3 20,436 222 155
4 20,658 224 157
5 20,882 227 159
6 21,109 229 160
7 21,338 232 162
8 21,569 234 164
9 21,803 237 166
10 22,040 239 167
TOTAL: $2,279 $1,595

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.