Compare Analysis of Franklin-somerset with 0.55% 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$50,00012 Month0.55%1.00x (National Avg. - 0.55%)$100,000Credit Union-SCENARIO
Year Rate
0.55%Annual
InterestAnnual Interest
(After Tax)1 50,000 276 193 2 50,276 278 194 3 50,554 279 195 4 50,833 281 196 5 51,113 282 198 6 51,395 284 199 7 51,679 285 200 8 51,964 287 201 9 52,251 288 202 10 52,540 290 203 11 52,830 292 204 12 53,121 293 205 13 53,414 295 206 14 53,709 296 208 15 54,006 298 209 16 54,304 300 210 17 54,604 301 211 18 54,905 303 212 19 55,208 305 213 20 55,513 306 215 TOTAL $5,819 $4,073