Compare Analysis of Today's Bank with 0.85% 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
    60 Month
    0.85%
    0.93x (National Avg. - 0.92%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.85%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 424 296
    2 50,424 427 299
    3 50,851 431 301
    4 51,281 434 304
    5 51,716 438 307
    6 52,154 442 309
    7 52,595 445 312
    8 53,041 449 314
    9 53,490 453 317
    10 53,943 457 320
    11 54,400 461 323
    12 54,861 465 325
    13 55,326 469 328
    14 55,794 473 331
    15 56,267 477 334
    16 56,743 481 336
    17 57,224 485 339
    18 57,709 489 342
    19 58,197 493 345
    20 58,690 497 348
    TOTAL $9,187 $6,431