Compare Analysis of Midwest Bank with 0.18% 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 MONEY MARKET
    Midwest Bank
    $50,000
    N.A.
    0.18%
    0.81x (National Avg. - 0.22%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.18%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 88 61
    2 50,088 88 61
    3 50,175 88 61
    4 50,263 88 62
    5 50,351 88 62
    6 50,439 88 62
    7 50,527 88 62
    8 50,616 89 62
    9 50,704 89 62
    10 50,793 89 62
    11 50,882 89 62
    12 50,971 89 62
    13 51,060 89 63
    14 51,150 90 63
    15 51,239 90 63
    16 51,329 90 63
    17 51,419 90 63
    18 51,509 90 63
    19 51,599 90 63
    20 51,689 90 63
    TOTAL $1,779 $1,246