Compare Analysis of Washington Savings Bank with 10.00% 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
    Washington Savings Bank
    $50,000
    N.A.
    10.00%
    21.10x (National Avg. - 0.47%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    10.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 5,000 3,500
    2 55,000 5,500 3,850
    3 60,500 6,050 4,235
    4 66,550 6,655 4,659
    5 73,205 7,321 5,124
    6 80,526 8,053 5,637
    7 88,578 8,858 6,200
    8 97,436 9,744 6,821
    9 107,179 10,718 7,503
    10 117,897 11,790 8,253
    11 129,687 12,969 9,078
    12 142,656 14,266 9,986
    13 156,921 15,692 10,984
    14 172,614 17,261 12,083
    15 189,875 18,987 13,291
    16 208,862 20,886 14,620
    17 229,749 22,975 16,082
    18 252,724 25,272 17,691
    19 277,996 27,800 19,460
    20 305,795 30,580 21,406
    TOTAL $286,375 $200,462