Compare Analysis of Luana Savings Bank with 3.59% 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
    60 Month
    3.59%
    3.91x (National Avg. - 0.92%)
    $2,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.59%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,795 1,257
    2 51,795 1,859 1,302
    3 53,654 1,926 1,348
    4 55,581 1,995 1,397
    5 57,576 2,067 1,447
    6 59,643 2,141 1,499
    7 61,784 2,218 1,553
    8 64,002 2,298 1,608
    9 66,300 2,380 1,666
    10 68,680 2,466 1,726
    11 71,146 2,554 1,788
    12 73,700 2,646 1,852
    13 76,346 2,741 1,919
    14 79,086 2,839 1,987
    15 81,926 2,941 2,059
    16 84,867 3,047 2,133
    17 87,913 3,156 2,209
    18 91,070 3,269 2,289
    19 94,339 3,387 2,371
    20 97,726 3,508 2,456
    TOTAL $51,234 $35,864