Compare Analysis of South Carolina with 0.70% 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.
- 1LOCAL CD$50,00024 Month0.70%1.07x (National Avg. - 0.66%)$100,000Credit Union-SCENARIO
Year Rate
0.70%Annual
InterestAnnual Interest
(After Tax)1 50,000 350 245 2 50,350 352 247 3 50,702 355 248 4 51,057 357 250 5 51,415 360 252 6 51,775 362 254 7 52,137 365 255 8 52,502 368 257 9 52,870 370 259 10 53,240 373 261 11 53,612 375 263 12 53,988 378 265 13 54,366 381 266 14 54,746 383 268 15 55,129 386 270 16 55,515 389 272 17 55,904 391 274 18 56,295 394 276 19 56,689 397 278 20 57,086 400 280 TOTAL $7,486 $5,240