Compare Analysis of Morton Community Bank with 2.34% 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
    Morton Community Bank
    $50,000
    24 Month
    2.34%
    3.55x (National Avg. - 0.66%)
    $0
    Bank
    -
     
    SCENARIO
    Year Rate
    2.34%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,170 819
    2 51,170 1,197 838
    3 52,367 1,225 858
    4 53,593 1,254 878
    5 54,847 1,283 898
    6 56,130 1,313 919
    7 57,444 1,344 941
    8 58,788 1,376 963
    9 60,164 1,408 985
    10 61,571 1,441 1,009
    11 63,012 1,474 1,032
    12 64,487 1,509 1,056
    13 65,996 1,544 1,081
    14 67,540 1,580 1,106
    15 69,120 1,617 1,132
    16 70,738 1,655 1,159
    17 72,393 1,694 1,186
    18 74,087 1,734 1,214
    19 75,821 1,774 1,242
    20 77,595 1,816 1,271
    TOTAL $29,411 $20,587