Compare Analysis of Cherokee Strip with 0.36% 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
    Cherokee Strip
    $50,000
    6 Month
    0.36%
    0.88x (National Avg. - 0.41%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.36%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 180 126
    2 50,180 181 126
    3 50,361 181 127
    4 50,542 182 127
    5 50,724 183 128
    6 50,907 183 128
    7 51,090 184 129
    8 51,274 185 129
    9 51,458 185 130
    10 51,644 186 130
    11 51,829 187 131
    12 52,016 187 131
    13 52,203 188 132
    14 52,391 189 132
    15 52,580 189 133
    16 52,769 190 133
    17 52,959 191 133
    18 53,150 191 134
    19 53,341 192 134
    20 53,533 193 135
    TOTAL $3,726 $2,608