Compare Analysis of City National Bank of Florida with 0.23% APY and North American Savings Bank, F.S.B. with 5.05% APY and North American Savings Bank with 5.15% 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
    $50,000
    6 Month
    0.23%
    0.57x (National Avg. - 0.40%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.23%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 115 81
    2 50,115 115 81
    3 50,230 116 81
    4 50,346 116 81
    5 50,462 116 81
    6 50,578 116 81
    7 50,694 117 82
    8 50,811 117 82
    9 50,927 117 82
    10 51,045 117 82
    11 51,162 118 82
    12 51,280 118 83
    13 51,398 118 83
    14 51,516 118 83
    15 51,634 119 83
    16 51,753 119 83
    17 51,872 119 84
    18 51,991 120 84
    19 52,111 120 84
    20 52,231 120 84
    TOTAL $2,351 $1,646
  • 2
    LOCAL CD
    $50,000
    7 Month
    5.05%
    N.A.
    $5,000
    Bank
    -
    SCENARIO
    Year Rate
    5.05%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,525 1,768
    2 52,525 2,653 1,857
    3 55,178 2,786 1,951
    4 57,964 2,927 2,049
    5 60,891 3,075 2,153
    6 63,966 3,230 2,261
    7 67,196 3,393 2,375
    8 70,590 3,565 2,495
    9 74,155 3,745 2,621
    10 77,899 3,934 2,754
    11 81,833 4,133 2,893
    12 85,966 4,341 3,039
    13 90,307 4,561 3,192
    14 94,868 4,791 3,354
    15 99,659 5,033 3,523
    16 104,691 5,287 3,701
    17 109,978 5,554 3,888
    18 115,532 5,834 4,084
    19 121,367 6,129 4,290
    20 127,496 6,439 4,507
    TOTAL $83,934 $58,754
  • 3
    LOCAL CD
    $50,000
    12 Month
    5.15%
    9.20x (National Avg. - 0.56%)
    $5,000
    Bank
    -
    SCENARIO
    Year Rate
    5.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555