Compare Analysis of Department Of Commerce with 3.52% 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
    Department Of Commerce
    $50,000
    12 Month
    3.52%
    6.39x (National Avg. - 0.55%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.52%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,760 1,232
    2 51,760 1,822 1,275
    3 53,582 1,886 1,320
    4 55,468 1,952 1,367
    5 57,421 2,021 1,415
    6 59,442 2,092 1,465
    7 61,534 2,166 1,516
    8 63,700 2,242 1,570
    9 65,942 2,321 1,625
    10 68,263 2,403 1,682
    11 70,666 2,487 1,741
    12 73,154 2,575 1,803
    13 75,729 2,666 1,866
    14 78,394 2,759 1,932
    15 81,154 2,857 2,000
    16 84,011 2,957 2,070
    17 86,968 3,061 2,143
    18 90,029 3,169 2,218
    19 93,198 3,281 2,296
    20 96,479 3,396 2,377
    TOTAL $49,875 $34,912