Compare Analysis of Bayer Heritage with 4.24% 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
    Bayer Heritage
    $50,000
    12 Month
    4.24%
    7.68x (National Avg. - 0.55%)
    $500,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.24%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,119 1,483
    2 52,119 2,208 1,546
    3 54,327 2,302 1,611
    4 56,629 2,399 1,680
    5 59,028 2,501 1,751
    6 61,529 2,607 1,825
    7 64,136 2,717 1,902
    8 66,853 2,833 1,983
    9 69,686 2,953 2,067
    10 72,639 3,078 2,154
    11 75,716 3,208 2,246
    12 78,924 3,344 2,341
    13 82,268 3,486 2,440
    14 85,754 3,633 2,543
    15 89,387 3,787 2,651
    16 93,175 3,948 2,763
    17 97,123 4,115 2,881
    18 101,238 4,289 3,003
    19 105,527 4,471 3,130
    20 109,998 4,661 3,262
    TOTAL $64,659 $45,261