Compare Analysis of Luana Savings Bank with 4.81% 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
    Luana Savings Bank
    $50,000
    24 Month
    4.81%
    7.34x (National Avg. - 0.66%)
    $2,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.81%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,405 1,684
    2 52,405 2,521 1,764
    3 54,926 2,642 1,849
    4 57,568 2,769 1,938
    5 60,337 2,902 2,032
    6 63,239 3,042 2,129
    7 66,281 3,188 2,232
    8 69,469 3,341 2,339
    9 72,810 3,502 2,452
    10 76,312 3,671 2,569
    11 79,983 3,847 2,693
    12 83,830 4,032 2,823
    13 87,862 4,226 2,958
    14 92,088 4,429 3,101
    15 96,518 4,643 3,250
    16 101,160 4,866 3,406
    17 106,026 5,100 3,570
    18 111,126 5,345 3,742
    19 116,471 5,602 3,922
    20 122,074 5,872 4,110
    TOTAL $77,945 $54,562