Compare Analysis of Smw Financial with 0.02% 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 SAVINGS$50,000N.A.0.02%0.09x (National Avg. - 0.23%)$2,500Credit Union-SCENARIO
Year Rate
0.02%Annual
InterestAnnual Interest
(After Tax)1 50,000 10 7 2 50,010 10 7 3 50,020 10 7 4 50,030 10 7 5 50,040 10 7 6 50,050 10 7 7 50,060 10 7 8 50,070 10 7 9 50,080 10 7 10 50,090 10 7 11 50,100 10 7 12 50,110 10 7 13 50,120 10 7 14 50,130 10 7 15 50,140 10 7 16 50,150 10 7 17 50,160 10 7 18 50,170 10 7 19 50,180 10 7 20 50,190 10 7 TOTAL $200 $140