Compare Analysis of One American Bank with 2.96% 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$50,00051 Month2.96%N.A.$5,000Bank-SCENARIO
Year Rate
2.96%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,480 1,036 2 51,480 1,524 1,067 3 53,004 1,569 1,098 4 54,573 1,615 1,131 5 56,188 1,663 1,164 6 57,851 1,712 1,199 7 59,564 1,763 1,234 8 61,327 1,815 1,271 9 63,142 1,869 1,308 10 65,011 1,924 1,347 11 66,935 1,981 1,387 12 68,917 2,040 1,428 13 70,957 2,100 1,470 14 73,057 2,162 1,514 15 75,219 2,226 1,559 16 77,446 2,292 1,605 17 79,738 2,360 1,652 18 82,098 2,430 1,701 19 84,529 2,502 1,751 20 87,031 2,576 1,803 TOTAL $39,607 $27,725