Compare Analysis of Community Choice with 0.97% 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.
- 1LOCAL CD$50,00048 Month0.97%1.19x (National Avg. - 0.81%)$100,000Credit Union-SCENARIO
Year Rate
0.97%Annual
InterestAnnual Interest
(After Tax)1 50,000 485 340 2 50,485 490 343 3 50,975 494 346 4 51,469 499 349 5 51,968 504 353 6 52,473 509 356 7 52,981 514 360 8 53,495 519 363 9 54,014 524 367 10 54,538 529 370 11 55,067 534 374 12 55,601 539 378 13 56,141 545 381 14 56,685 550 385 15 57,235 555 389 16 57,790 561 392 17 58,351 566 396 18 58,917 571 400 19 59,488 577 404 20 60,065 583 408 TOTAL $10,648 $7,454