Compare Analysis of Grow Financial with 2.17% 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 MONEY MARKET
    Grow Financial
    $50,000
    N.A.
    2.17%
    9.64x (National Avg. - 0.23%)
    $250,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.17%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,085 760
    2 51,085 1,109 776
    3 52,194 1,133 793
    4 53,326 1,157 810
    5 54,483 1,182 828
    6 55,666 1,208 846
    7 56,874 1,234 864
    8 58,108 1,261 883
    9 59,369 1,288 902
    10 60,657 1,316 921
    11 61,973 1,345 941
    12 63,318 1,374 962
    13 64,692 1,404 983
    14 66,096 1,434 1,004
    15 67,530 1,465 1,026
    16 68,996 1,497 1,048
    17 70,493 1,530 1,071
    18 72,022 1,563 1,094
    19 73,585 1,597 1,118
    20 75,182 1,631 1,142
    TOTAL $26,814 $18,769