Compare Analysis of Direct with 3.06% 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
    Direct
    $50,000
    12 Month
    3.06%
    5.54x (National Avg. - 0.55%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.06%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,530 1,071
    2 51,530 1,577 1,104
    3 53,107 1,625 1,138
    4 54,732 1,675 1,172
    5 56,407 1,726 1,208
    6 58,133 1,779 1,245
    7 59,912 1,833 1,283
    8 61,745 1,889 1,323
    9 63,634 1,947 1,363
    10 65,581 2,007 1,405
    11 67,588 2,068 1,448
    12 69,656 2,131 1,492
    13 71,788 2,197 1,538
    14 73,985 2,264 1,585
    15 76,249 2,333 1,633
    16 78,582 2,405 1,683
    17 80,986 2,478 1,735
    18 83,465 2,554 1,788
    19 86,019 2,632 1,843
    20 88,651 2,713 1,899
    TOTAL $41,364 $28,954