Compare Analysis of Prime Alliance Bank with 1.41% 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.
- 1ONLINE CD$50,00024 Month1.41%2.66x (National Avg. - 0.53%)$500Bank-SCENARIO
Year Rate
1.41%Annual
InterestAnnual Interest
(After Tax)1 50,000 705 494 2 50,705 715 500 3 51,420 725 508 4 52,145 735 515 5 52,880 746 522 6 53,626 756 529 7 54,382 767 537 8 55,149 778 544 9 55,926 789 552 10 56,715 800 560 11 57,515 811 568 12 58,326 822 576 13 59,148 834 584 14 59,982 846 592 15 60,828 858 600 16 61,685 870 609 17 62,555 882 617 18 63,437 894 626 19 64,332 907 635 20 65,239 920 644 TOTAL $16,159 $11,311 - 2ONLINE CD$50,00012 Month1.30%3.23x (National Avg. - 0.40%)$5,000Online Bank-SCENARIO
Year Rate
1.30%Annual
InterestAnnual 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