Compare Analysis of Newburyport Five Cents Savings Bank with 3.28% 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
    Newburyport Five Cents Savings Bank
    $50,000
    6 Month
    3.28%
    8.08x (National Avg. - 0.41%)
    $2,500
    Bank
    -
     
    SCENARIO
    Year Rate
    3.28%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,640 1,148
    2 51,640 1,694 1,186
    3 53,334 1,749 1,225
    4 55,083 1,807 1,265
    5 56,890 1,866 1,306
    6 58,756 1,927 1,349
    7 60,683 1,990 1,393
    8 62,673 2,056 1,439
    9 64,729 2,123 1,486
    10 66,852 2,193 1,535
    11 69,045 2,265 1,585
    12 71,310 2,339 1,637
    13 73,649 2,416 1,691
    14 76,064 2,495 1,746
    15 78,559 2,577 1,804
    16 81,136 2,661 1,863
    17 83,797 2,749 1,924
    18 86,546 2,839 1,987
    19 89,384 2,932 2,052
    20 92,316 3,028 2,120
    TOTAL $45,344 $31,741