Compare Analysis of Community Partners Savings Bank with 0.82% 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.
- 1LOCAL CD$50,00060 Month0.82%0.90x (National Avg. - 0.92%)$100,000Bank-SCENARIO
Year Rate
0.82%Annual
InterestAnnual Interest
(After Tax)1 50,000 410 287 2 50,410 413 289 3 50,823 417 292 4 51,240 420 294 5 51,660 424 297 6 52,084 427 299 7 52,511 431 301 8 52,942 434 304 9 53,376 438 306 10 53,813 441 309 11 54,255 445 311 12 54,700 449 314 13 55,148 452 317 14 55,600 456 319 15 56,056 460 322 16 56,516 463 324 17 56,979 467 327 18 57,447 471 330 19 57,918 475 332 20 58,393 479 335 TOTAL $8,871 $6,210