Compare Analysis of Alliant with 3.10% APY and Bask Bank with 5.10% 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 SAVINGS$50,000N.A.3.10%13.54x (National Avg. - 0.23%)$100Credit Union-SCENARIO
Year Rate
3.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,550 1,085 2 51,550 1,598 1,119 3 53,148 1,648 1,153 4 54,796 1,699 1,189 5 56,494 1,751 1,226 6 58,246 1,806 1,264 7 60,051 1,862 1,303 8 61,913 1,919 1,344 9 63,832 1,979 1,385 10 65,811 2,040 1,428 11 67,851 2,103 1,472 12 69,954 2,169 1,518 13 72,123 2,236 1,565 14 74,359 2,305 1,614 15 76,664 2,377 1,664 16 79,041 2,450 1,715 17 81,491 2,526 1,768 18 84,017 2,605 1,823 19 86,622 2,685 1,880 20 89,307 2,769 1,938 TOTAL $42,075 $29,453 - 2LOCAL SAVINGS$50,000N.A.5.10%22.27x (National Avg. - 0.23%)$0Online Bank-SCENARIO
Year Rate
5.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,550 1,785 2 52,550 2,680 1,876 3 55,230 2,817 1,972 4 58,047 2,960 2,072 5 61,007 3,111 2,178 6 64,119 3,270 2,289 7 67,389 3,437 2,406 8 70,825 3,612 2,528 9 74,437 3,796 2,657 10 78,234 3,990 2,793 11 82,224 4,193 2,935 12 86,417 4,407 3,085 13 90,824 4,632 3,242 14 95,456 4,868 3,408 15 100,325 5,117 3,582 16 105,441 5,378 3,764 17 110,819 5,652 3,956 18 116,471 5,940 4,158 19 122,411 6,243 4,370 20 128,654 6,561 4,593 TOTAL $85,215 $59,650