Compare Analysis of Horizon with 1.16% 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
    Horizon
    $50,000
    60 Month
    1.16%
    1.26x (National Avg. - 0.92%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.16%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 578 404
    2 50,578 584 409
    3 51,162 591 414
    4 51,753 598 418
    5 52,350 605 423
    6 52,955 612 428
    7 53,567 619 433
    8 54,185 626 438
    9 54,811 633 443
    10 55,444 640 448
    11 56,085 648 453
    12 56,732 655 459
    13 57,388 663 464
    14 58,050 670 469
    15 58,721 678 475
    16 59,399 686 480
    17 60,085 694 486
    18 60,779 702 491
    19 61,481 710 497
    20 62,191 718 503
    TOTAL $12,910 $9,037