Compare Analysis of Morton Community Bank with 2.14% 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
    60 Month
    2.14%
    2.33x (National Avg. - 0.92%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.14%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,070 749
    2 51,070 1,093 765
    3 52,163 1,116 781
    4 53,279 1,140 798
    5 54,419 1,165 815
    6 55,584 1,189 833
    7 56,773 1,215 850
    8 57,988 1,241 869
    9 59,229 1,268 887
    10 60,497 1,295 906
    11 61,791 1,322 926
    12 63,114 1,351 945
    13 64,464 1,380 966
    14 65,844 1,409 986
    15 67,253 1,439 1,007
    16 68,692 1,470 1,029
    17 70,162 1,501 1,051
    18 71,664 1,534 1,074
    19 73,197 1,566 1,096
    20 74,764 1,600 1,120
    TOTAL $26,364 $18,455