Compare Analysis of Charles Schwab Bank, SSB with 4.47% 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 CD
    Charles Schwab Bank, SSB
    $50,000
    3 Month
    4.47%
    2.01x (National Avg. - 2.23%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.47%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,235 1,565
    2 52,235 2,335 1,634
    3 54,570 2,439 1,707
    4 57,009 2,548 1,784
    5 59,557 2,662 1,864
    6 62,220 2,781 1,947
    7 65,001 2,906 2,034
    8 67,906 3,035 2,125
    9 70,942 3,171 2,220
    10 74,113 3,313 2,319
    11 77,426 3,461 2,423
    12 80,887 3,616 2,531
    13 84,502 3,777 2,644
    14 88,280 3,946 2,762
    15 92,226 4,122 2,886
    16 96,348 4,307 3,015
    17 100,655 4,499 3,149
    18 105,154 4,700 3,290
    19 109,855 4,911 3,437
    20 114,765 5,130 3,591
    TOTAL $69,895 $48,927