Compare Analysis of Westex with 1.04% 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
    Westex
    $50,000
    18 Month
    1.04%
    1.43x (National Avg. - 0.73%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.04%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 518 362
    2 50,518 523 366
    3 51,040 528 370
    4 51,569 534 374
    5 52,102 539 377
    6 52,642 545 381
    7 53,186 550 385
    8 53,737 556 389
    9 54,293 562 393
    10 54,855 568 397
    11 55,423 574 402
    12 55,996 580 406
    13 56,576 586 410
    14 57,162 592 414
    15 57,753 598 418
    16 58,351 604 423
    17 58,955 610 427
    18 59,565 616 432
    19 60,182 623 436
    20 60,804 629 441
    TOTAL $11,434 $8,004