Compare Analysis of Charles Schwab Bank, SSB with 5.47% 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 CD
    Charles Schwab Bank, SSB
    $50,000
    6 Month
    5.47%
    13.71x (National Avg. - 0.40%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.47%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,735 1,915
    2 52,735 2,885 2,019
    3 55,620 3,042 2,130
    4 58,662 3,209 2,246
    5 61,871 3,384 2,369
    6 65,255 3,569 2,499
    7 68,825 3,765 2,635
    8 72,589 3,971 2,779
    9 76,560 4,188 2,931
    10 80,748 4,417 3,092
    11 85,165 4,659 3,261
    12 89,823 4,913 3,439
    13 94,737 5,182 3,627
    14 99,919 5,466 3,826
    15 105,384 5,765 4,035
    16 111,149 6,080 4,256
    17 117,228 6,412 4,489
    18 123,641 6,763 4,734
    19 130,404 7,133 4,993
    20 137,537 7,523 5,266
    TOTAL $95,060 $66,542