Compare Analysis of CFG Bank with 5.02% APY and Chevron with 7.00% 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.5.02%36.91x (National Avg. - 0.14%)$1,000Online Bank-SCENARIO
Year Rate
5.02%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,510 1,757 2 52,510 2,636 1,845 3 55,146 2,768 1,938 4 57,914 2,907 2,035 5 60,822 3,053 2,137 6 63,875 3,207 2,245 7 67,081 3,367 2,357 8 70,449 3,537 2,476 9 73,985 3,714 2,600 10 77,699 3,901 2,730 11 81,600 4,096 2,867 12 85,696 4,302 3,011 13 89,998 4,518 3,163 14 94,516 4,745 3,321 15 99,261 4,983 3,488 16 104,244 5,233 3,663 17 109,477 5,496 3,847 18 114,973 5,772 4,040 19 120,744 6,061 4,243 20 126,806 6,366 4,456 TOTAL $83,171 $58,220 - 2LOCAL SAVINGS$50,000N.A.7.00%51.47x (National Avg. - 0.14%)$25Credit Union-SCENARIO
Year Rate
7.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 3,500 2,450 2 53,500 3,745 2,622 3 57,245 4,007 2,805 4 61,252 4,288 3,001 5 65,540 4,588 3,211 6 70,128 4,909 3,436 7 75,037 5,253 3,677 8 80,289 5,620 3,934 9 85,909 6,014 4,210 10 91,923 6,435 4,504 11 98,358 6,885 4,820 12 105,243 7,367 5,157 13 112,610 7,883 5,518 14 120,492 8,434 5,904 15 128,927 9,025 6,317 16 137,952 9,657 6,760 17 147,608 10,333 7,233 18 157,941 11,056 7,739 19 168,997 11,830 8,281 20 180,826 12,658 8,860 TOTAL $143,484 $100,439