Compare Analysis of Brilliant Bank, a division of Equity Bank with 5.35% APY and Wright-patt Credit Union, Inc. 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 MONEY MARKET$50,000N.A.5.35%11.36x (National Avg. - 0.47%)$2,000Online Bank-SCENARIO
Year Rate
5.35%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,675 1,873 2 52,675 2,818 1,973 3 55,493 2,969 2,078 4 58,462 3,128 2,189 5 61,590 3,295 2,307 6 64,885 3,471 2,430 7 68,356 3,657 2,560 8 72,013 3,853 2,697 9 75,866 4,059 2,841 10 79,925 4,276 2,993 11 84,201 4,505 3,153 12 88,705 4,746 3,322 13 93,451 5,000 3,500 14 98,451 5,267 3,687 15 103,718 5,549 3,884 16 109,267 5,846 4,092 17 115,113 6,159 4,311 18 121,271 6,488 4,542 19 127,759 6,835 4,785 20 134,594 7,201 5,041 TOTAL $91,795 $64,256 - 2LOCAL SAVINGS$50,000N.A.7.00%14.86x (National Avg. - 0.47%)$1Credit 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