Compare Analysis of Neighbors Bank with 5.15% 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.5.15%22.89x (National Avg. - 0.23%)$25,000Bank-SCENARIO
Year Rate
5.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,575 1,803 2 52,575 2,708 1,895 3 55,283 2,847 1,993 4 58,130 2,994 2,096 5 61,123 3,148 2,203 6 64,271 3,310 2,317 7 67,581 3,480 2,436 8 71,062 3,660 2,562 9 74,721 3,848 2,694 10 78,569 4,046 2,832 11 82,616 4,255 2,978 12 86,870 4,474 3,132 13 91,344 4,704 3,293 14 96,049 4,946 3,463 15 100,995 5,201 3,641 16 106,196 5,469 3,828 17 111,665 5,751 4,026 18 117,416 6,047 4,233 19 123,463 6,358 4,451 20 129,821 6,686 4,680 TOTAL $86,507 $60,555 - 2LOCAL SAVINGS$50,000N.A.7.00%31.11x (National Avg. - 0.23%)$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