Compare Analysis of Morton Community Bank with 2.87% 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
    Morton Community Bank
    $50,000
    12 Month
    2.87%
    5.16x (National Avg. - 0.56%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.87%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,435 1,005
    2 51,435 1,476 1,033
    3 52,911 1,519 1,063
    4 54,430 1,562 1,093
    5 55,992 1,607 1,125
    6 57,599 1,653 1,157
    7 59,252 1,701 1,190
    8 60,952 1,749 1,225
    9 62,702 1,800 1,260
    10 64,501 1,851 1,296
    11 66,353 1,904 1,333
    12 68,257 1,959 1,371
    13 70,216 2,015 1,411
    14 72,231 2,073 1,451
    15 74,304 2,133 1,493
    16 76,437 2,194 1,536
    17 78,630 2,257 1,580
    18 80,887 2,321 1,625
    19 83,208 2,388 1,672
    20 85,597 2,457 1,720
    TOTAL $38,053 $26,637