Compare Analysis of Independent Bank with 2.33% 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
    Independent Bank
    $50,000
    24 Month
    2.33%
    3.56x (National Avg. - 0.66%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    2.33%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,165 816
    2 51,165 1,192 835
    3 52,357 1,220 854
    4 53,577 1,248 874
    5 54,825 1,277 894
    6 56,103 1,307 915
    7 57,410 1,338 936
    8 58,748 1,369 958
    9 60,117 1,401 981
    10 61,517 1,433 1,003
    11 62,951 1,467 1,027
    12 64,417 1,501 1,051
    13 65,918 1,536 1,075
    14 67,454 1,572 1,100
    15 69,026 1,608 1,126
    16 70,634 1,646 1,152
    17 72,280 1,684 1,179
    18 73,964 1,723 1,206
    19 75,687 1,764 1,234
    20 77,451 1,805 1,263
    TOTAL $29,256 $20,479