Compare Analysis of Financial Builders with 1.63% 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
    Financial Builders
    $50,000
    3 Month
    1.63%
    0.74x (National Avg. - 2.20%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.63%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 815 571
    2 50,815 828 580
    3 51,643 842 589
    4 52,485 856 599
    5 53,341 869 609
    6 54,210 884 619
    7 55,094 898 629
    8 55,992 913 639
    9 56,904 928 649
    10 57,832 943 660
    11 58,775 958 671
    12 59,733 974 682
    13 60,706 990 693
    14 61,696 1,006 704
    15 62,701 1,022 715
    16 63,723 1,039 727
    17 64,762 1,056 739
    18 65,818 1,073 751
    19 66,891 1,090 763
    20 67,981 1,108 776
    TOTAL $19,089 $13,362