Compare Analysis of Washington Savings Bank with 50.00% 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.
    50.00%
    105.49x (National Avg. - 0.47%)
    $25,000
    Bank
    -
     
    SCENARIO
    Year Rate
    50.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 25,000 17,500
    2 75,000 37,500 26,250
    3 112,500 56,250 39,375
    4 168,750 84,375 59,063
    5 253,125 126,563 88,594
    6 379,688 189,844 132,891
    7 569,531 284,766 199,336
    8 854,297 427,148 299,004
    9 1,281,445 640,723 448,506
    10 1,922,168 961,084 672,759
    11 2,883,252 1,441,626 1,009,138
    12 4,324,878 2,162,439 1,513,707
    13 6,487,317 3,243,658 2,270,561
    14 9,730,975 4,865,488 3,405,841
    15 14,596,463 7,298,232 5,108,762
    16 21,894,695 10,947,347 7,663,143
    17 32,842,042 16,421,021 11,494,715
    18 49,263,063 24,631,531 17,242,072
    19 73,894,594 36,947,297 25,863,108
    20 110,841,891 55,420,946 38,794,662
    TOTAL $166,212,837 $116,348,986