Compare Analysis of Bank Independent with 2.71% 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 CD
    Bank Independent
    $50,000
    36 Month
    2.71%
    3.62x (National Avg. - 0.75%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.71%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,355 949
    2 51,355 1,392 974
    3 52,747 1,429 1,001
    4 54,176 1,468 1,028
    5 55,644 1,508 1,056
    6 57,152 1,549 1,084
    7 58,701 1,591 1,114
    8 60,292 1,634 1,144
    9 61,926 1,678 1,175
    10 63,604 1,724 1,207
    11 65,328 1,770 1,239
    12 67,098 1,818 1,273
    13 68,916 1,868 1,307
    14 70,784 1,918 1,343
    15 72,702 1,970 1,379
    16 74,673 2,024 1,417
    17 76,696 2,078 1,455
    18 78,775 2,135 1,494
    19 80,909 2,193 1,535
    20 83,102 2,252 1,576
    TOTAL $35,354 $24,748