Compare Analysis of Prime Alliance Bank with 1.82% 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.

  • 1
    ONLINE CD
    $50,000
    48 Month
    1.82%
    2.61x (National Avg. - 0.70%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    1.82%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 910 637
    2 50,910 927 649
    3 51,837 943 660
    4 52,780 961 672
    5 53,741 978 685
    6 54,719 996 697
    7 55,715 1,014 710
    8 56,729 1,032 723
    9 57,761 1,051 736
    10 58,812 1,070 749
    11 59,883 1,090 763
    12 60,973 1,110 777
    13 62,082 1,130 791
    14 63,212 1,150 805
    15 64,363 1,171 820
    16 65,534 1,193 835
    17 66,727 1,214 850
    18 67,941 1,237 866
    19 69,178 1,259 881
    20 70,437 1,282 897
    TOTAL $21,719 $15,203
  • 2
    ONLINE CD
    $50,000
    12 Month
    1.30%
    3.23x (National Avg. - 0.40%)
    $5,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    1.30%
    Annual
    Interest
    Annual 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