Compare Analysis of Suma Yonkers with 4.24% APY and Bask Bank with 5.15% APY and Bask Bank with 5.20% 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
    4.24%
    6.50x (National Avg. - 0.65%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.24%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,120 1,484
    2 52,120 2,210 1,547
    3 54,330 2,304 1,613
    4 56,633 2,401 1,681
    5 59,035 2,503 1,752
    6 61,538 2,609 1,826
    7 64,147 2,720 1,904
    8 66,867 2,835 1,985
    9 69,702 2,955 2,069
    10 72,657 3,081 2,156
    11 75,738 3,211 2,248
    12 78,949 3,347 2,343
    13 82,297 3,489 2,443
    14 85,786 3,637 2,546
    15 89,423 3,792 2,654
    16 93,215 3,952 2,767
    17 97,167 4,120 2,884
    18 101,287 4,295 3,006
    19 105,582 4,477 3,134
    20 110,059 4,666 3,267
    TOTAL $64,725 $45,307
  • 2
    LOCAL CD
    $50,000
    6 Month
    5.15%
    12.97x (National Avg. - 0.40%)
    $1,000
    Online Bank
    -
    SCENARIO
    Year Rate
    5.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555
  • 3
    LOCAL CD
    $50,000
    12 Month
    5.20%
    9.42x (National Avg. - 0.55%)
    $1,000
    Online Bank
    -
    SCENARIO
    Year Rate
    5.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468