Compare Analysis of Legacy Bank with 0.51% 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.
- 1LOCAL CD$50,00030 Month0.51%N.A.$500Bank-SCENARIO
Year Rate
0.51%Annual
InterestAnnual Interest
(After Tax)1 50,000 256 179 2 50,256 257 180 3 50,512 258 181 4 50,770 259 182 5 51,030 261 183 6 51,291 262 183 7 51,553 263 184 8 51,816 265 185 9 52,081 266 186 10 52,347 267 187 11 52,615 269 188 12 52,883 270 189 13 53,154 272 190 14 53,425 273 191 15 53,698 274 192 16 53,973 276 193 17 54,248 277 194 18 54,526 279 195 19 54,804 280 196 20 55,084 281 197 TOTAL $5,366 $3,756