Compare Analysis of Department Of Commerce with 2.23% 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
    Department Of Commerce
    $50,000
    6 Month
    2.23%
    5.48x (National Avg. - 0.41%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.23%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,115 781
    2 51,115 1,140 798
    3 52,255 1,165 816
    4 53,420 1,191 834
    5 54,611 1,218 852
    6 55,829 1,245 871
    7 57,074 1,273 891
    8 58,347 1,301 911
    9 59,648 1,330 931
    10 60,978 1,360 952
    11 62,338 1,390 973
    12 63,728 1,421 995
    13 65,149 1,453 1,017
    14 66,602 1,485 1,040
    15 68,087 1,518 1,063
    16 69,606 1,552 1,087
    17 71,158 1,587 1,111
    18 72,745 1,622 1,136
    19 74,367 1,658 1,161
    20 76,025 1,695 1,187
    TOTAL $27,721 $19,405