Compare Analysis of Bank 7 with 1.11% 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.

  • 1
    LOCAL CD
    Bank 7
    $50,000
    48 Month
    1.11%
    1.36x (National Avg. - 0.81%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.11%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 553 387
    2 50,553 559 391
    3 51,112 565 396
    4 51,677 572 400
    5 52,249 578 405
    6 52,827 584 409
    7 53,411 591 414
    8 54,002 597 418
    9 54,599 604 423
    10 55,203 611 427
    11 55,814 617 432
    12 56,431 624 437
    13 57,055 631 442
    14 57,686 638 447
    15 58,324 645 452
    16 58,969 652 457
    17 59,621 659 462
    18 60,281 667 467
    19 60,947 674 472
    20 61,621 682 477
    TOTAL $12,303 $8,612