Compare Analysis of First Class American with 0.80% 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$50,00024 Month0.80%1.22x (National Avg. - 0.66%)$10,000Credit Union-SCENARIO
Year Rate
0.80%Annual
InterestAnnual Interest
(After Tax)1 50,000 402 281 2 50,402 405 283 3 50,806 408 286 4 51,214 411 288 5 51,625 415 290 6 52,040 418 293 7 52,458 421 295 8 52,879 425 297 9 53,304 428 300 10 53,732 431 302 11 54,163 435 304 12 54,598 438 307 13 55,037 442 309 14 55,479 445 312 15 55,924 449 314 16 56,373 453 317 17 56,826 456 319 18 57,282 460 322 19 57,742 464 325 20 58,206 467 327 TOTAL $8,673 $6,071