Compare Analysis of Seattle Bank with 2.33% 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
    36 Month
    2.33%
    3.72x (National Avg. - 0.63%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.33%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,165 816
    2 51,165 1,192 835
    3 52,357 1,220 854
    4 53,577 1,248 874
    5 54,825 1,277 894
    6 56,103 1,307 915
    7 57,410 1,338 936
    8 58,748 1,369 958
    9 60,117 1,401 981
    10 61,517 1,433 1,003
    11 62,951 1,467 1,027
    12 64,417 1,501 1,051
    13 65,918 1,536 1,075
    14 67,454 1,572 1,100
    15 69,026 1,608 1,126
    16 70,634 1,646 1,152
    17 72,280 1,684 1,179
    18 73,964 1,723 1,206
    19 75,687 1,764 1,234
    20 77,451 1,805 1,263
    TOTAL $29,256 $20,479
  • 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