Compare Analysis of Bank Independent with 4.56% 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
    6 Month
    4.56%
    11.43x (National Avg. - 0.40%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.56%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,280 1,596
    2 52,280 2,384 1,669
    3 54,664 2,493 1,745
    4 57,157 2,606 1,824
    5 59,763 2,725 1,908
    6 62,488 2,849 1,995
    7 65,338 2,979 2,086
    8 68,317 3,115 2,181
    9 71,432 3,257 2,280
    10 74,690 3,406 2,384
    11 78,095 3,561 2,493
    12 81,657 3,724 2,606
    13 85,380 3,893 2,725
    14 89,273 4,071 2,850
    15 93,344 4,257 2,980
    16 97,601 4,451 3,115
    17 102,051 4,654 3,257
    18 106,705 4,866 3,406
    19 111,571 5,088 3,561
    20 116,658 5,320 3,724
    TOTAL $71,978 $50,385