Compare Analysis of Live Oak Banking Company with 1.25% APY and Citizens Access with 1.30% 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.
- 1ONLINE CD$50,0006 Month1.25%4.66x (National Avg. - 0.27%)$2,500Bank-SCENARIO
Year Rate
1.25%Annual
InterestAnnual Interest
(After Tax)1 50,000 625 438 2 50,625 633 443 3 51,258 641 449 4 51,899 649 454 5 52,547 657 460 6 53,204 665 466 7 53,869 673 471 8 54,543 682 477 9 55,224 690 483 10 55,915 699 489 11 56,614 708 495 12 57,321 717 502 13 58,038 725 508 14 58,763 735 514 15 59,498 744 521 16 60,241 753 527 17 60,994 762 534 18 61,757 772 540 19 62,529 782 547 20 63,310 791 554 TOTAL $14,102 $9,871 - 2ONLINE CD$50,00012 Month1.30%3.23x (National Avg. - 0.40%)$5,000Online Bank-SCENARIO
Year Rate
1.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 650 455 2 50,650 658 461 3 51,308 667 467 4 51,975 676 473 5 52,651 684 479 6 53,336 693 485 7 54,029 702 492 8 54,731 712 498 9 55,443 721 505 10 56,164 730 511 11 56,894 740 518 12 57,633 749 524 13 58,383 759 531 14 59,142 769 538 15 59,910 779 545 16 60,689 789 552 17 61,478 799 559 18 62,277 810 567 19 63,087 820 574 20 63,907 831 582 TOTAL $14,738 $10,317