Compare Analysis of Midwest Bank with 1.16% 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
    Midwest Bank
    $50,000
    36 Month
    1.16%
    1.54x (National Avg. - 0.75%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.16%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 578 405
    2 50,578 585 409
    3 51,163 591 414
    4 51,754 598 419
    5 52,352 605 424
    6 52,958 612 429
    7 53,570 619 433
    8 54,189 626 438
    9 54,815 634 444
    10 55,449 641 449
    11 56,090 648 454
    12 56,739 656 459
    13 57,394 663 464
    14 58,058 671 470
    15 58,729 679 475
    16 59,408 687 481
    17 60,095 695 486
    18 60,789 703 492
    19 61,492 711 498
    20 62,203 719 503
    TOTAL $12,922 $9,045