Compare Analysis of Suma Yonkers with 4.13% 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.
- 1LOCAL CD$50,00048 Month4.13%5.11x (National Avg. - 0.81%)$1,000Credit Union-SCENARIO
Year Rate
4.13%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,065 1,446 2 52,065 2,150 1,505 3 54,215 2,239 1,567 4 56,454 2,332 1,632 5 58,786 2,428 1,700 6 61,214 2,528 1,770 7 63,742 2,633 1,843 8 66,374 2,741 1,919 9 69,116 2,854 1,998 10 71,970 2,972 2,081 11 74,943 3,095 2,167 12 78,038 3,223 2,256 13 81,261 3,356 2,349 14 84,617 3,495 2,446 15 88,111 3,639 2,547 16 91,750 3,789 2,653 17 95,540 3,946 2,762 18 99,485 4,109 2,876 19 103,594 4,278 2,995 20 107,873 4,455 3,119 TOTAL $62,328 $43,629 - 2LOCAL CD$50,0006 Month5.15%13.01x (National Avg. - 0.40%)$1,000Online Bank-SCENARIO
Year Rate
5.15%Annual
InterestAnnual 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 - 3LOCAL CD$50,00012 Month5.20%9.42x (National Avg. - 0.55%)$1,000Online Bank-SCENARIO
Year Rate
5.20%Annual
InterestAnnual 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