Compare Analysis of Centennial Bank with 1.86% 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
    Centennial Bank
    $50,000
    60 Month
    1.86%
    2.04x (National Avg. - 0.91%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.86%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 930 651
    2 50,930 947 663
    3 51,877 965 675
    4 52,842 983 688
    5 53,825 1,001 701
    6 54,826 1,020 714
    7 55,846 1,039 727
    8 56,885 1,058 741
    9 57,943 1,078 754
    10 59,021 1,098 768
    11 60,118 1,118 783
    12 61,237 1,139 797
    13 62,376 1,160 812
    14 63,536 1,182 827
    15 64,717 1,204 843
    16 65,921 1,226 858
    17 67,147 1,249 874
    18 68,396 1,272 891
    19 69,668 1,296 907
    20 70,964 1,320 924
    TOTAL $22,284 $15,599