Compare Analysis of ProGrowth Bank with 0.54% 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
    ProGrowth Bank
    $50,000
    24 Month
    0.54%
    0.82x (National Avg. - 0.66%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.54%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 270 189
    2 50,270 271 190
    3 50,541 273 191
    4 50,814 274 192
    5 51,089 276 193
    6 51,365 277 194
    7 51,642 279 195
    8 51,921 280 196
    9 52,201 282 197
    10 52,483 283 198
    11 52,767 285 199
    12 53,052 286 201
    13 53,338 288 202
    14 53,626 290 203
    15 53,916 291 204
    16 54,207 293 205
    17 54,499 294 206
    18 54,794 296 207
    19 55,090 297 208
    20 55,387 299 209
    TOTAL $5,686 $3,980