Compare Analysis of University with 2.18% 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 MONEY MARKET
    University
    $50,000
    N.A.
    2.18%
    9.37x (National Avg. - 0.23%)
    $1,000,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.18%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,092 764
    2 51,092 1,116 781
    3 52,208 1,140 798
    4 53,348 1,165 816
    5 54,513 1,191 833
    6 55,704 1,217 852
    7 56,920 1,243 870
    8 58,163 1,270 889
    9 59,434 1,298 909
    10 60,732 1,326 928
    11 62,058 1,355 949
    12 63,414 1,385 969
    13 64,798 1,415 991
    14 66,214 1,446 1,012
    15 67,660 1,478 1,034
    16 69,137 1,510 1,057
    17 70,647 1,543 1,080
    18 72,190 1,577 1,104
    19 73,767 1,611 1,128
    20 75,378 1,646 1,152
    TOTAL $27,024 $18,917