Compare Analysis of Texas Bank with 2.37% 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."

  • 1
    LOCAL MONEY MARKET
    Texas Bank
    $50,000
    N.A.
    2.37%
    5.00x (National Avg. - 0.47%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.37%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,185 830
    2 51,185 1,213 849
    3 52,398 1,242 869
    4 53,640 1,271 890
    5 54,911 1,301 911
    6 56,213 1,332 933
    7 57,545 1,364 955
    8 58,909 1,396 977
    9 60,305 1,429 1,000
    10 61,734 1,463 1,024
    11 63,197 1,498 1,048
    12 64,695 1,533 1,073
    13 66,228 1,570 1,099
    14 67,798 1,607 1,125
    15 69,405 1,645 1,151
    16 71,049 1,684 1,179
    17 72,733 1,724 1,207
    18 74,457 1,765 1,235
    19 76,222 1,806 1,265
    20 78,028 1,849 1,294
    TOTAL $29,877 $20,914