Compare Analysis of State Bank of India with 4.99% 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
    LOCAL CD
    $50,000
    24 Month
    4.99%
    7.63x (National Avg. - 0.65%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.99%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,495 1,747
    2 52,495 2,620 1,834
    3 55,115 2,750 1,925
    4 57,865 2,887 2,021
    5 60,752 3,032 2,122
    6 63,784 3,183 2,228
    7 66,967 3,342 2,339
    8 70,308 3,508 2,456
    9 73,817 3,683 2,578
    10 77,500 3,867 2,707
    11 81,367 4,060 2,842
    12 85,427 4,263 2,984
    13 89,690 4,476 3,133
    14 94,166 4,699 3,289
    15 98,865 4,933 3,453
    16 103,798 5,180 3,626
    17 108,978 5,438 3,807
    18 114,416 5,709 3,997
    19 120,125 5,994 4,196
    20 126,119 6,293 4,405
    TOTAL $82,412 $57,689