Compare Analysis of Digital with 3.46% 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
    Digital
    $50,000
    60 Month
    3.46%
    3.79x (National Avg. - 0.91%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.46%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,730 1,211
    2 51,730 1,790 1,253
    3 53,520 1,852 1,296
    4 55,372 1,916 1,341
    5 57,288 1,982 1,388
    6 59,270 2,051 1,436
    7 61,320 2,122 1,485
    8 63,442 2,195 1,537
    9 65,637 2,271 1,590
    10 67,908 2,350 1,645
    11 70,258 2,431 1,702
    12 72,689 2,515 1,761
    13 75,204 2,602 1,821
    14 77,806 2,692 1,884
    15 80,498 2,785 1,950
    16 83,283 2,882 2,017
    17 86,165 2,981 2,087
    18 89,146 3,084 2,159
    19 92,230 3,191 2,234
    20 95,422 3,302 2,311
    TOTAL $48,723 $34,106