Compare Analysis of Department Of Commerce with 1.42% APY and Citizens Access with 1.30% 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$50,0006 Month1.42%5.30x (National Avg. - 0.27%)$500Credit Union-SCENARIO
Year Rate
1.42%Annual
InterestAnnual Interest
(After Tax)1 50,000 710 497 2 50,710 720 504 3 51,430 730 511 4 52,160 741 518 5 52,901 751 526 6 53,652 762 533 7 54,414 773 541 8 55,187 784 549 9 55,970 795 556 10 56,765 806 564 11 57,571 818 572 12 58,389 829 580 13 59,218 841 589 14 60,059 853 597 15 60,912 865 605 16 61,777 877 614 17 62,654 890 623 18 63,544 902 632 19 64,446 915 641 20 65,361 928 650 TOTAL $16,289 $11,402 - 2ONLINE CD$50,00012 Month1.30%3.23x (National Avg. - 0.40%)$5,000Online Bank-SCENARIO
Year Rate
1.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 650 455 2 50,650 658 461 3 51,308 667 467 4 51,975 676 473 5 52,651 684 479 6 53,336 693 485 7 54,029 702 492 8 54,731 712 498 9 55,443 721 505 10 56,164 730 511 11 56,894 740 518 12 57,633 749 524 13 58,383 759 531 14 59,142 769 538 15 59,910 779 545 16 60,689 789 552 17 61,478 799 559 18 62,277 810 567 19 63,087 820 574 20 63,907 831 582 TOTAL $14,738 $10,317