Compare Analysis of Valley Direct, a division of Valley National Bank with 5.60% 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
    ONLINE CD
    Valley Direct, a division of Valley National Bank
    $50,000
    36 Month
    5.60%
    7.46x (National Avg. - 0.75%)
    $500
    Online Bank
    -
     
    SCENARIO
    Year Rate
    5.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,800 1,960
    2 52,800 2,957 2,070
    3 55,757 3,122 2,186
    4 58,879 3,297 2,308
    5 62,176 3,482 2,437
    6 65,658 3,677 2,574
    7 69,335 3,883 2,718
    8 73,218 4,100 2,870
    9 77,318 4,330 3,031
    10 81,648 4,572 3,201
    11 86,220 4,828 3,380
    12 91,049 5,099 3,569
    13 96,147 5,384 3,769
    14 101,532 5,686 3,980
    15 107,217 6,004 4,203
    16 113,221 6,340 4,438
    17 119,562 6,695 4,687
    18 126,257 7,070 4,949
    19 133,328 7,466 5,226
    20 140,794 7,884 5,519
    TOTAL $98,679 $69,075