Compare Analysis of Ally Bank with 2.90% 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.
- 1ONLINE CD$50,0003 Month2.90%1.32x (National Avg. - 2.19%)$0Online Bank-SCENARIO
Year Rate
2.90%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,450 1,015 2 51,450 1,492 1,044 3 52,942 1,535 1,075 4 54,477 1,580 1,106 5 56,057 1,626 1,138 6 57,683 1,673 1,171 7 59,356 1,721 1,205 8 61,077 1,771 1,240 9 62,848 1,823 1,276 10 64,671 1,875 1,313 11 66,546 1,930 1,351 12 68,476 1,986 1,390 13 70,462 2,043 1,430 14 72,505 2,103 1,472 15 74,608 2,164 1,515 16 76,772 2,226 1,558 17 78,998 2,291 1,604 18 81,289 2,357 1,650 19 83,646 2,426 1,698 20 86,072 2,496 1,747 TOTAL $38,568 $26,998