Interest Earned on $20k Savings Account

How much interest will you earn on $20,000 in savings?
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About
This calculates the interest earned on an investment. Enter the investment amount and the interest rate. This is typically for a bond or CD. Try the compound interest calculator to see how an investment will grow over time with compounding.
About High Yield Savings Accounts
Interest earned from a high yield savings account can add up over time. Many banks pay close to 0% interest. However, CD yields and high interest savings accounts can pay much higher. See below how an investment can grow over time.
Value of a 20,000 Dollar Savings Account Over Time Based on a 5% Percent Interest Rate With Interest Reinvestment
Year Starting Value Interest Earned Value of Account
Year 1 $20,000 $1,000 $21,000
Year 2 $21,000 $1,050 $22,050
Year 3 $22,050 $1,103 $23,153
Year 4 $23,153 $1,158 $24,310
Year 5 $24,310 $1,216 $25,526
Year 10 $31,027 $1,551 $32,578
Year 15 $39,599 $1,980 $41,579
Year 20 $50,539 $2,527 $53,066
Year 25 $64,502 $3,225 $67,727
Year 30 $82,323 $4,116 $86,439
Year 35 $105,067 $5,253 $110,320
Year 40 $134,095 $6,705 $140,800
Year 45 $171,143 $8,557 $179,700
Year 50 $218,427 $10,921 $229,348
Annual Interest Earned Based on Investment Amount at 5% Annual Interest
Amount Interest Earned After 1 Year
Interest Earned on $20,100 at 5% $1,005
Interest Earned on $20,200 at 5% $1,010
Interest Earned on $20,300 at 5% $1,015
Interest Earned on $20,400 at 5% $1,020
Interest Earned on $20,500 at 5% $1,025
Interest Earned on $20,600 at 5% $1,030
Interest Earned on $20,700 at 5% $1,035
Interest Earned on $20,800 at 5% $1,040
Interest Earned on $20,900 at 5% $1,045
Interest Earned on $21,000 at 5% $1,050
Interest Earned on $21,100 at 5% $1,055
Interest Earned on $21,200 at 5% $1,060
Interest Earned on $21,300 at 5% $1,065
Interest Earned on $21,400 at 5% $1,070
Interest Earned on $21,500 at 5% $1,075
Interest Earned on $21,600 at 5% $1,080
Interest Earned on $21,700 at 5% $1,085
Interest Earned on $21,800 at 5% $1,090
Interest Earned on $21,900 at 5% $1,095
Interest Earned on $22,000 at 5% $1,100
Interest Earned on $22,100 at 5% $1,105
Interest Earned on $22,200 at 5% $1,110
Interest Earned on $22,300 at 5% $1,115
Interest Earned on $22,400 at 5% $1,120
Interest Earned on $22,500 at 5% $1,125
Amount Interest Earned After 1 Year
Interest Earned on $22,600 at 5% $1,130
Interest Earned on $22,700 at 5% $1,135
Interest Earned on $22,800 at 5% $1,140
Interest Earned on $22,900 at 5% $1,145
Interest Earned on $23,000 at 5% $1,150
Interest Earned on $23,100 at 5% $1,155
Interest Earned on $23,200 at 5% $1,160
Interest Earned on $23,300 at 5% $1,165
Interest Earned on $23,400 at 5% $1,170
Interest Earned on $23,500 at 5% $1,175
Interest Earned on $23,600 at 5% $1,180
Interest Earned on $23,700 at 5% $1,185
Interest Earned on $23,800 at 5% $1,190
Interest Earned on $23,900 at 5% $1,195
Interest Earned on $24,000 at 5% $1,200
Interest Earned on $24,100 at 5% $1,205
Interest Earned on $24,200 at 5% $1,210
Interest Earned on $24,300 at 5% $1,215
Interest Earned on $24,400 at 5% $1,220
Interest Earned on $24,500 at 5% $1,225
Interest Earned on $24,600 at 5% $1,230
Interest Earned on $24,700 at 5% $1,235
Interest Earned on $24,800 at 5% $1,240
Interest Earned on $24,900 at 5% $1,245
Interest Earned on $25,000 at 5% $1,250