Compare Analysis of CFG Bank with 4.65% 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 MONEY MARKET
    CFG Bank
    $50,000
    N.A.
    4.65%
    20.58x (National Avg. - 0.23%)
    $1,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    4.65%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,325 1,628
    2 52,325 2,433 1,703
    3 54,758 2,546 1,782
    4 57,304 2,665 1,865
    5 59,969 2,789 1,952
    6 62,758 2,918 2,043
    7 65,676 3,054 2,138
    8 68,730 3,196 2,237
    9 71,926 3,345 2,341
    10 75,270 3,500 2,450
    11 78,770 3,663 2,564
    12 82,433 3,833 2,683
    13 86,266 4,011 2,808
    14 90,278 4,198 2,939
    15 94,476 4,393 3,075
    16 98,869 4,597 3,218
    17 103,466 4,811 3,368
    18 108,277 5,035 3,524
    19 113,312 5,269 3,688
    20 118,581 5,514 3,860
    TOTAL $74,095 $51,867