Compare Analysis of Seattle Bank with 2.43% 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
    2.43%
    3.49x (National Avg. - 0.70%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.43%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,215 851
    2 51,215 1,245 871
    3 52,460 1,275 892
    4 53,734 1,306 914
    5 55,040 1,337 936
    6 56,378 1,370 959
    7 57,747 1,403 982
    8 59,151 1,437 1,006
    9 60,588 1,472 1,031
    10 62,060 1,508 1,056
    11 63,568 1,545 1,081
    12 65,113 1,582 1,108
    13 66,695 1,621 1,134
    14 68,316 1,660 1,162
    15 69,976 1,700 1,190
    16 71,677 1,742 1,219
    17 73,418 1,784 1,249
    18 75,202 1,827 1,279
    19 77,030 1,872 1,310
    20 78,902 1,917 1,342
    TOTAL $30,819 $21,573
  • 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