Compare Analysis of Summit National Bank with 1.78% 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
    Summit National Bank
    $50,000
    48 Month
    1.78%
    2.18x (National Avg. - 0.82%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.78%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 889 622
    2 50,889 905 633
    3 51,794 921 645
    4 52,715 937 656
    5 53,652 954 668
    6 54,606 971 680
    7 55,577 988 692
    8 56,565 1,006 704
    9 57,571 1,024 717
    10 58,594 1,042 729
    11 59,636 1,060 742
    12 60,696 1,079 755
    13 61,776 1,098 769
    14 62,874 1,118 783
    15 63,992 1,138 796
    16 65,130 1,158 811
    17 66,288 1,179 825
    18 67,466 1,200 840
    19 68,666 1,221 855
    20 69,887 1,243 870
    TOTAL $21,129 $14,790