Compare Analysis of TotalDirect, a division of City National Bank of Florida with 4.86% 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.
- 1ONLINE MONEY MARKET$50,000N.A.4.86%21.50x (National Avg. - 0.23%)$2,500Online Bank-SCENARIO
Year Rate
4.86%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,430 1,701 2 52,430 2,548 1,784 3 54,978 2,672 1,870 4 57,650 2,802 1,961 5 60,452 2,938 2,057 6 63,390 3,081 2,157 7 66,471 3,230 2,261 8 69,701 3,387 2,371 9 73,088 3,552 2,486 10 76,641 3,725 2,607 11 80,365 3,906 2,734 12 84,271 4,096 2,867 13 88,367 4,295 3,006 14 92,661 4,503 3,152 15 97,165 4,722 3,306 16 101,887 4,952 3,466 17 106,838 5,192 3,635 18 112,031 5,445 3,811 19 117,476 5,709 3,997 20 123,185 5,987 4,191 TOTAL $79,172 $55,420 - 2LOCAL SAVINGS$50,000N.A.7.00%30.97x (National Avg. - 0.23%)$1Credit Union-SCENARIO
Year Rate
7.00%Annual
InterestAnnual 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