Compare Analysis of TotalDirect, a division of City National Bank of Florida with 5.26% 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.

  • 1
    ONLINE MONEY MARKET
    $50,000
    N.A.
    5.26%
    29.72x (National Avg. - 0.18%)
    $2,500
    Online Bank
    -
     
    SCENARIO
    Year Rate
    5.26%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,630 1,841
    2 52,630 2,768 1,938
    3 55,398 2,914 2,040
    4 58,312 3,067 2,147
    5 61,380 3,229 2,260
    6 64,608 3,398 2,379
    7 68,006 3,577 2,504
    8 71,584 3,765 2,636
    9 75,349 3,963 2,774
    10 79,312 4,172 2,920
    11 83,484 4,391 3,074
    12 87,875 4,622 3,236
    13 92,498 4,865 3,406
    14 97,363 5,121 3,585
    15 102,484 5,391 3,773
    16 107,875 5,674 3,972
    17 113,549 5,973 4,181
    18 119,522 6,287 4,401
    19 125,809 6,618 4,632
    20 132,426 6,966 4,876
    TOTAL $89,392 $62,574
  • 2
    LOCAL SAVINGS
    $50,000
    N.A.
    7.00%
    39.55x (National Avg. - 0.18%)
    $25
    Credit Union
    -
     
    SCENARIO
    Year Rate
    7.00%
    Annual
    Interest
    Annual 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