Compare Analysis of CIBC Bank USA with 0.52% APY and Citi Accelerate with 0.50% 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.
- 1ONLINE SAVINGS$50,000N.A.0.52%4.56x (National Avg. - 0.11%)$0Online Bank-SCENARIO
Year Rate
0.52%Annual
InterestAnnual Interest
(After Tax)1 50,000 260 182 2 50,260 261 183 3 50,521 263 184 4 50,784 264 185 5 51,048 265 186 6 51,314 267 187 7 51,580 268 188 8 51,849 270 189 9 52,118 271 190 10 52,389 272 191 11 52,662 274 192 12 52,936 275 193 13 53,211 277 194 14 53,487 278 195 15 53,766 280 196 16 54,045 281 197 17 54,326 282 198 18 54,609 284 199 19 54,893 285 200 20 55,178 287 201 TOTAL $5,465 $3,826 - 2ONLINE SAVINGS$50,000N.A.0.50%4.39x (National Avg. - 0.11%)$0Online Bank-SCENARIO
Year Rate
0.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 250 175 2 50,250 251 176 3 50,501 253 177 4 50,754 254 178 5 51,008 255 179 6 51,263 256 179 7 51,519 258 180 8 51,776 259 181 9 52,035 260 182 10 52,296 261 183 11 52,557 263 184 12 52,820 264 185 13 53,084 265 186 14 53,349 267 187 15 53,616 268 188 16 53,884 269 189 17 54,154 271 190 18 54,424 272 190 19 54,696 273 191 20 54,970 275 192 TOTAL $5,245 $3,671