Compare Analysis of Luana Savings Bank with 4.04% 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
    Luana Savings Bank
    $50,000
    36 Month
    4.04%
    5.36x (National Avg. - 0.75%)
    $2,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.04%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,020 1,414
    2 52,020 2,102 1,471
    3 54,122 2,187 1,531
    4 56,308 2,275 1,592
    5 58,583 2,367 1,657
    6 60,950 2,462 1,724
    7 63,412 2,562 1,793
    8 65,974 2,665 1,866
    9 68,639 2,773 1,941
    10 71,412 2,885 2,020
    11 74,297 3,002 2,101
    12 77,299 3,123 2,186
    13 80,422 3,249 2,274
    14 83,671 3,380 2,366
    15 87,051 3,517 2,462
    16 90,568 3,659 2,561
    17 94,227 3,807 2,665
    18 98,034 3,961 2,772
    19 101,994 4,121 2,884
    20 106,115 4,287 3,001
    TOTAL $60,402 $42,281