Compare Analysis of Bank5 Connect with 4.41% 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 MONEY MARKET$50,000N.A.4.41%9.34x (National Avg. - 0.47%)$5,000Online Bank-SCENARIO
Year Rate
4.41%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,205 1,544 2 52,205 2,302 1,612 3 54,507 2,404 1,683 4 56,911 2,510 1,757 5 59,421 2,620 1,834 6 62,041 2,736 1,915 7 64,777 2,857 2,000 8 67,634 2,983 2,088 9 70,617 3,114 2,180 10 73,731 3,252 2,276 11 76,982 3,395 2,376 12 80,377 3,545 2,481 13 83,922 3,701 2,591 14 87,623 3,864 2,705 15 91,487 4,035 2,824 16 95,522 4,213 2,949 17 99,734 4,398 3,079 18 104,132 4,592 3,215 19 108,725 4,795 3,356 20 113,519 5,006 3,504 TOTAL $68,526 $47,968