Compare Analysis of 1st Ed Credit Union with 0.55% APY
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE
All calculations are for demonstration purposes only.
- 1LOCAL CD$50,00012 Month0.55%1.00x (National Avg. - 0.55%)$10,000Credit Union-SCENARIO
Year Rate
0.55%Annual
InterestAnnual Interest
(After Tax)1 50,000 276 193 2 50,276 277 194 3 50,553 279 195 4 50,831 280 196 5 51,111 282 197 6 51,393 283 198 7 51,676 285 199 8 51,961 286 200 9 52,247 288 202 10 52,535 289 203 11 52,824 291 204 12 53,115 293 205 13 53,408 294 206 14 53,702 296 207 15 53,998 298 208 16 54,296 299 209 17 54,595 301 211 18 54,896 302 212 19 55,198 304 213 20 55,502 306 214 TOTAL $5,808 $4,066