Compare Analysis of Emigrant Bank with 0.70% APY and Hingham Savings with 1.65% APY and Citizens with 3.00% APY and M.Y. Safra Bank with 3.01% APY and M.Y. Safra Bank with 3.02% APY and M.Y. Safra Bank with 3.26% 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
    24 Month
    0.70%
    1.30x (National Avg. - 0.54%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.70%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 350 245
    2 50,350 352 247
    3 50,702 355 248
    4 51,057 357 250
    5 51,415 360 252
    6 51,775 362 254
    7 52,137 365 255
    8 52,502 368 257
    9 52,870 370 259
    10 53,240 373 261
    11 53,612 375 263
    12 53,988 378 265
    13 54,366 381 266
    14 54,746 383 268
    15 55,129 386 270
    16 55,515 389 272
    17 55,904 391 274
    18 56,295 394 276
    19 56,689 397 278
    20 57,086 400 280
    TOTAL $7,486 $5,240
  • 2
    ONLINE CD
    $50,000
    12 Month
    1.65%
    3.99x (National Avg. - 0.41%)
    $1,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    1.65%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 825 578
    2 50,825 839 587
    3 51,664 852 597
    4 52,516 867 607
    5 53,383 881 617
    6 54,263 895 627
    7 55,159 910 637
    8 56,069 925 648
    9 56,994 940 658
    10 57,934 956 669
    11 58,890 972 680
    12 59,862 988 691
    13 60,850 1,004 703
    14 61,854 1,021 714
    15 62,874 1,037 726
    16 63,912 1,055 738
    17 64,966 1,072 750
    18 66,038 1,090 763
    19 67,128 1,108 775
    20 68,235 1,126 788
    TOTAL $19,361 $13,553
  • 3
    ONLINE CD
    $50,000
    12 Month
    3.00%
    7.25x (National Avg. - 0.41%)
    $5,000
    Online Bank
    -
    SCENARIO
    Year Rate
    3.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,500 1,050
    2 51,500 1,545 1,082
    3 53,045 1,591 1,114
    4 54,636 1,639 1,147
    5 56,275 1,688 1,182
    6 57,964 1,739 1,217
    7 59,703 1,791 1,254
    8 61,494 1,845 1,291
    9 63,339 1,900 1,330
    10 65,239 1,957 1,370
    11 67,196 2,016 1,411
    12 69,212 2,076 1,453
    13 71,288 2,139 1,497
    14 73,427 2,203 1,542
    15 75,629 2,269 1,588
    16 77,898 2,337 1,636
    17 80,235 2,407 1,685
    18 82,642 2,479 1,735
    19 85,122 2,554 1,788
    20 87,675 2,630 1,841
    TOTAL $40,306 $28,214
  • 4
    LOCAL CD
    $50,000
    24 Month
    3.01%
    5.58x (National Avg. - 0.54%)
    $500
    Bank
    -
    SCENARIO
    Year Rate
    3.01%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,505 1,054
    2 51,505 1,550 1,085
    3 53,055 1,597 1,118
    4 54,652 1,645 1,152
    5 56,297 1,695 1,186
    6 57,992 1,746 1,222
    7 59,737 1,798 1,259
    8 61,535 1,852 1,297
    9 63,388 1,908 1,336
    10 65,296 1,965 1,376
    11 67,261 2,025 1,417
    12 69,286 2,085 1,460
    13 71,371 2,148 1,504
    14 73,519 2,213 1,549
    15 75,732 2,280 1,596
    16 78,012 2,348 1,644
    17 80,360 2,419 1,693
    18 82,779 2,492 1,744
    19 85,271 2,567 1,797
    20 87,837 2,644 1,851
    TOTAL $40,481 $28,337
  • 5
    LOCAL CD
    $50,000
    12 Month
    3.02%
    7.29x (National Avg. - 0.41%)
    $500
    Bank
    -
    SCENARIO
    Year Rate
    3.02%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,510 1,057
    2 51,510 1,556 1,089
    3 53,066 1,603 1,122
    4 54,668 1,651 1,156
    5 56,319 1,701 1,191
    6 58,020 1,752 1,227
    7 59,772 1,805 1,264
    8 61,577 1,860 1,302
    9 63,437 1,916 1,341
    10 65,353 1,974 1,382
    11 67,326 2,033 1,423
    12 69,360 2,095 1,466
    13 71,454 2,158 1,511
    14 73,612 2,223 1,556
    15 75,835 2,290 1,603
    16 78,126 2,359 1,652
    17 80,485 2,431 1,701
    18 82,916 2,504 1,753
    19 85,420 2,580 1,806
    20 87,999 2,658 1,860
    TOTAL $40,657 $28,460
  • 6
    LOCAL CD
    $50,000
    36 Month
    3.26%
    5.13x (National Avg. - 0.64%)
    $500
    Bank
    -
    SCENARIO
    Year Rate
    3.26%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,630 1,141
    2 51,630 1,683 1,178
    3 53,313 1,738 1,217
    4 55,051 1,795 1,256
    5 56,846 1,853 1,297
    6 58,699 1,914 1,340
    7 60,613 1,976 1,383
    8 62,589 2,040 1,428
    9 64,629 2,107 1,475
    10 66,736 2,176 1,523
    11 68,911 2,247 1,573
    12 71,158 2,320 1,624
    13 73,478 2,395 1,677
    14 75,873 2,473 1,731
    15 78,347 2,554 1,788
    16 80,901 2,637 1,846
    17 83,538 2,723 1,906
    18 86,261 2,812 1,968
    19 89,073 2,904 2,033
    20 91,977 2,998 2,099
    TOTAL $44,976 $31,483