Compare Analysis of Department Of Commerce with 5.02% 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.
- 1ONLINE CD$50,00018 Month5.02%8.61x (National Avg. - 0.58%)$500Credit Union-SCENARIO
Year Rate
5.02%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,510 1,757 2 52,510 2,636 1,845 3 55,146 2,768 1,938 4 57,914 2,907 2,035 5 60,822 3,053 2,137 6 63,875 3,207 2,245 7 67,081 3,367 2,357 8 70,449 3,537 2,476 9 73,985 3,714 2,600 10 77,699 3,901 2,730 11 81,600 4,096 2,867 12 85,696 4,302 3,011 13 89,998 4,518 3,163 14 94,516 4,745 3,321 15 99,261 4,983 3,488 16 104,244 5,233 3,663 17 109,477 5,496 3,847 18 114,973 5,772 4,040 19 120,744 6,061 4,243 20 126,806 6,366 4,456 TOTAL $83,171 $58,220