Compare Analysis of Quorum with 1.44% 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 MONEY MARKET
    Quorum
    $50,000
    N.A.
    1.44%
    3.04x (National Avg. - 0.47%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.44%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 720 504
    2 50,720 730 511
    3 51,450 741 519
    4 52,191 752 526
    5 52,943 762 534
    6 53,705 773 541
    7 54,479 784 549
    8 55,263 796 557
    9 56,059 807 565
    10 56,866 819 573
    11 57,685 831 581
    12 58,516 843 590
    13 59,358 855 598
    14 60,213 867 607
    15 61,080 880 616
    16 61,960 892 625
    17 62,852 905 634
    18 63,757 918 643
    19 64,675 931 652
    20 65,606 945 661
    TOTAL $16,551 $11,586