Compare Analysis of Today's Bank with 0.55% 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
    Today's Bank
    $50,000
    24 Month
    0.55%
    0.83x (National Avg. - 0.66%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.55%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 275 192
    2 50,275 276 193
    3 50,551 278 194
    4 50,828 279 195
    5 51,107 281 196
    6 51,388 282 197
    7 51,670 284 199
    8 51,953 285 200
    9 52,239 287 201
    10 52,525 288 202
    11 52,814 290 203
    12 53,104 292 204
    13 53,395 293 205
    14 53,688 295 206
    15 53,983 296 207
    16 54,280 298 209
    17 54,578 300 210
    18 54,877 301 211
    19 55,178 303 212
    20 55,481 305 213
    TOTAL $5,786 $4,050