$titleTerm = "Special " Compare Analysis of Lake Shore Savings Bank with 3.11% APY.


Compare Analysis of Lake Shore Savings Bank with 3.11% 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
    Lake Shore Savings Bank
    $50,000
    55 Month
    3.11%
    N.A.
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    3.11%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,555 1,089
    2 51,555 1,603 1,122
    3 53,158 1,653 1,157
    4 54,812 1,705 1,193
    5 56,516 1,758 1,230
    6 58,274 1,812 1,269
    7 60,086 1,869 1,308
    8 61,955 1,927 1,349
    9 63,882 1,987 1,391
    10 65,868 2,049 1,434
    11 67,917 2,112 1,479
    12 70,029 2,178 1,525
    13 72,207 2,246 1,572
    14 74,453 2,315 1,621
    15 76,768 2,387 1,671
    16 79,156 2,462 1,723
    17 81,617 2,538 1,777
    18 84,156 2,617 1,832
    19 86,773 2,699 1,889
    20 89,472 2,783 1,948
    TOTAL $42,254 $29,578