Compare Analysis of TrustTexas Bank, SSB with 1.10% 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 Month1.10%1.35x (National Avg. - 0.81%)$100,000Bank-SCENARIO
Year Rate
1.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 550 385 2 50,550 556 389 3 51,106 562 394 4 51,668 568 398 5 52,237 575 402 6 52,811 581 407 7 53,392 587 411 8 53,979 594 416 9 54,573 600 420 10 55,173 607 425 11 55,780 614 430 12 56,394 620 434 13 57,014 627 439 14 57,641 634 444 15 58,276 641 449 16 58,917 648 454 17 59,565 655 459 18 60,220 662 464 19 60,882 670 469 20 61,552 677 474 TOTAL $12,229 $8,560