Compare Analysis of Neighbors Bank with 4.60% APY and Wright-patt Credit Union, Inc. with 7.00% 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
    ONLINE SAVINGS
    Neighbors Bank
    $50,000
    N.A.
    4.60%
    20.44x (National Avg. - 0.23%)
    $25,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,300 1,610
    2 52,300 2,406 1,684
    3 54,706 2,516 1,762
    4 57,222 2,632 1,843
    5 59,854 2,753 1,927
    6 62,608 2,880 2,016
    7 65,488 3,012 2,109
    8 68,500 3,151 2,206
    9 71,651 3,296 2,307
    10 74,947 3,448 2,413
    11 78,395 3,606 2,524
    12 82,001 3,772 2,640
    13 85,773 3,946 2,762
    14 89,718 4,127 2,889
    15 93,846 4,317 3,022
    16 98,162 4,515 3,161
    17 102,678 4,723 3,306
    18 107,401 4,940 3,458
    19 112,342 5,168 3,617
    20 117,509 5,405 3,784
    TOTAL $72,915 $51,040
  • 2
    LOCAL SAVINGS
    Wright-patt Credit Union, Inc.
    $50,000
    N.A.
    7.00%
    31.11x (National Avg. - 0.23%)
    $1
    Credit Union
    -
     
    SCENARIO
    Year Rate
    7.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 3,500 2,450
    2 53,500 3,745 2,622
    3 57,245 4,007 2,805
    4 61,252 4,288 3,001
    5 65,540 4,588 3,211
    6 70,128 4,909 3,436
    7 75,037 5,253 3,677
    8 80,289 5,620 3,934
    9 85,909 6,014 4,210
    10 91,923 6,435 4,504
    11 98,358 6,885 4,820
    12 105,243 7,367 5,157
    13 112,610 7,883 5,518
    14 120,492 8,434 5,904
    15 128,927 9,025 6,317
    16 137,952 9,657 6,760
    17 147,608 10,333 7,233
    18 157,941 11,056 7,739
    19 168,997 11,830 8,281
    20 180,826 12,658 8,860
    TOTAL $143,484 $100,439