Compare Analysis of Security Bank with 1.37% 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$50,00060 Month1.37%1.50x (National Avg. - 0.92%)$10,000Bank-SCENARIO
Year Rate
1.37%Annual
InterestAnnual Interest
(After Tax)1 50,000 685 480 2 50,685 694 486 3 51,379 704 493 4 52,083 714 499 5 52,797 723 506 6 53,520 733 513 7 54,253 743 520 8 54,997 753 527 9 55,750 764 535 10 56,514 774 542 11 57,288 785 549 12 58,073 796 557 13 58,869 806 565 14 59,675 818 572 15 60,493 829 580 16 61,321 840 588 17 62,161 852 596 18 63,013 863 604 19 63,876 875 613 20 64,751 887 621 TOTAL $15,639 $10,947