Compare Analysis of Charles Schwab Bank, SSB with 5.54% 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
    9 Month
    5.54%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.54%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,770 1,939
    2 52,770 2,923 2,046
    3 55,693 3,085 2,160
    4 58,779 3,256 2,279
    5 62,035 3,437 2,406
    6 65,472 3,627 2,539
    7 69,099 3,828 2,680
    8 72,927 4,040 2,828
    9 76,967 4,264 2,985
    10 81,231 4,500 3,150
    11 85,732 4,750 3,325
    12 90,481 5,013 3,509
    13 95,494 5,290 3,703
    14 100,784 5,583 3,908
    15 106,368 5,893 4,125
    16 112,260 6,219 4,353
    17 118,480 6,564 4,595
    18 125,043 6,927 4,849
    19 131,971 7,311 5,118
    20 139,282 7,716 5,401
    TOTAL $96,998 $67,899