Compare Analysis of Canadian Imperial Bank USA with 4.61% 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
    Canadian Imperial Bank USA
    $50,000
    N.A.
    4.61%
    20.40x (National Avg. - 0.23%)
    $1,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    4.61%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,305 1,614
    2 52,305 2,411 1,688
    3 54,716 2,522 1,766
    4 57,239 2,639 1,847
    5 59,877 2,760 1,932
    6 62,638 2,888 2,021
    7 65,525 3,021 2,115
    8 68,546 3,160 2,212
    9 71,706 3,306 2,314
    10 75,012 3,458 2,421
    11 78,470 3,617 2,532
    12 82,087 3,784 2,649
    13 85,871 3,959 2,771
    14 89,830 4,141 2,899
    15 93,971 4,332 3,032
    16 98,303 4,532 3,172
    17 102,835 4,741 3,318
    18 107,576 4,959 3,471
    19 112,535 5,188 3,632
    20 117,723 5,427 3,799
    TOTAL $73,150 $51,205