Compare Analysis of Bogota Savings Bank with 2.79% 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
    ONLINE SAVINGS
    Bogota Savings Bank
    $50,000
    N.A.
    2.79%
    12.40x (National Avg. - 0.23%)
    $50,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.79%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,395 977
    2 51,395 1,434 1,004
    3 52,829 1,474 1,032
    4 54,303 1,515 1,061
    5 55,818 1,557 1,090
    6 57,375 1,601 1,121
    7 58,976 1,645 1,152
    8 60,621 1,691 1,184
    9 62,313 1,739 1,217
    10 64,051 1,787 1,251
    11 65,838 1,837 1,286
    12 67,675 1,888 1,322
    13 69,563 1,941 1,359
    14 71,504 1,995 1,396
    15 73,499 2,051 1,435
    16 75,550 2,108 1,475
    17 77,658 2,167 1,517
    18 79,824 2,227 1,559
    19 82,051 2,289 1,602
    20 84,341 2,353 1,647
    TOTAL $36,694 $25,686