Compare Analysis of One American Bank with 1.96% 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."
- 1LOCAL CD$50,00039 Month1.96%N.A.$5,000Bank-SCENARIO
Year Rate
1.96%Annual
InterestAnnual Interest
(After Tax)1 50,000 980 686 2 50,980 999 699 3 51,979 1,019 713 4 52,998 1,039 727 5 54,037 1,059 741 6 55,096 1,080 756 7 56,176 1,101 771 8 57,277 1,123 786 9 58,399 1,145 801 10 59,544 1,167 817 11 60,711 1,190 833 12 61,901 1,213 849 13 63,114 1,237 866 14 64,351 1,261 883 15 65,613 1,286 900 16 66,899 1,311 918 17 68,210 1,337 936 18 69,547 1,363 954 19 70,910 1,390 973 20 72,300 1,417 992 TOTAL $23,717 $16,602