Compare Analysis of Bank Independent with 3.01% 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 Independent
    $50,000
    36 Month
    3.01%
    3.99x (National Avg. - 0.75%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.01%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,505 1,054
    2 51,505 1,550 1,085
    3 53,055 1,597 1,118
    4 54,652 1,645 1,152
    5 56,297 1,695 1,186
    6 57,992 1,746 1,222
    7 59,737 1,798 1,259
    8 61,535 1,852 1,297
    9 63,388 1,908 1,336
    10 65,296 1,965 1,376
    11 67,261 2,025 1,417
    12 69,286 2,085 1,460
    13 71,371 2,148 1,504
    14 73,519 2,213 1,549
    15 75,732 2,280 1,596
    16 78,012 2,348 1,644
    17 80,360 2,419 1,693
    18 82,779 2,492 1,744
    19 85,271 2,567 1,797
    20 87,837 2,644 1,851
    TOTAL $40,481 $28,337