Compare Analysis of Franklin-somerset with 0.85% 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$50,00060 Month0.85%0.93x (National Avg. - 0.92%)$10,000Credit Union-SCENARIO
Year Rate
0.85%Annual
InterestAnnual Interest
(After Tax)1 50,000 427 299 2 50,427 431 301 3 50,858 434 304 4 51,292 438 307 5 51,730 442 309 6 52,172 446 312 7 52,617 449 315 8 53,067 453 317 9 53,520 457 320 10 53,977 461 323 11 54,438 465 325 12 54,903 469 328 13 55,372 473 331 14 55,845 477 334 15 56,321 481 337 16 56,802 485 340 17 57,288 489 342 18 57,777 493 345 19 58,270 498 348 20 58,768 502 351 TOTAL $9,270 $6,489