Compare Analysis of Meritrust with 1.64% 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 MONEY MARKET
    Meritrust
    $50,000
    N.A.
    1.64%
    7.26x (National Avg. - 0.23%)
    $2,500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.64%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 820 574
    2 50,820 833 583
    3 51,653 847 593
    4 52,501 861 603
    5 53,362 875 613
    6 54,237 889 623
    7 55,126 904 633
    8 56,030 919 643
    9 56,949 934 654
    10 57,883 949 664
    11 58,832 965 675
    12 59,797 981 686
    13 60,778 997 698
    14 61,775 1,013 709
    15 62,788 1,030 721
    16 63,818 1,047 733
    17 64,864 1,064 745
    18 65,928 1,081 757
    19 67,009 1,099 769
    20 68,108 1,117 782
    TOTAL $19,225 $13,458