Compare Analysis of N. J. Latvian with 0.75% 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
    N. J. Latvian
    $50,000
    6 Month
    0.75%
    1.88x (National Avg. - 0.40%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 376 263
    2 50,376 379 265
    3 50,755 382 267
    4 51,137 385 269
    5 51,521 387 271
    6 51,908 390 273
    7 52,299 393 275
    8 52,692 396 277
    9 53,088 399 279
    10 53,488 402 282
    11 53,890 405 284
    12 54,295 408 286
    13 54,703 411 288
    14 55,115 414 290
    15 55,529 418 292
    16 55,947 421 295
    17 56,368 424 297
    18 56,791 427 299
    19 57,218 430 301
    20 57,649 434 303
    TOTAL $8,082 $5,658