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Comparison of Deposit Account from Bank of Commerce with 0.20% - April 2025


Long-Term Analysis of ILLINOIS STATE with 1.17% APY and Bank of Commerce with 0.20% 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.

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$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    ILLINOIS STATE
    1.17%
    -
    $50,000
    48 Month
    Credit Union
    1.44x (National Avg. - 0.82%)
    $100,000
     
    SCENARIO
    Year Rate
    1.17%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 585 410
    2 50,585 592 414
    3 51,177 599 419
    4 51,776 606 424
    5 52,381 613 429
    6 52,994 620 434
    7 53,614 627 439
    8 54,242 635 444
    9 54,876 642 449
    10 55,518 650 455
    11 56,168 657 460
    12 56,825 665 465
    13 57,490 673 471
    14 58,162 681 476
    15 58,843 688 482
    16 59,531 697 488
    17 60,228 705 493
    18 60,933 713 499
    19 61,646 721 505
    20 62,367 730 511
    TOTAL $13,096 $9,168
  • 2
    LOCAL CD
    Bank of Commerce
    0.20%
    -
    $50,000
    6 Month
    Bank
    0.49x (National Avg. - 0.41%)
    $10,000
     
    SCENARIO
    Year Rate
    0.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 100 70
    2 50,100 100 70
    3 50,200 100 70
    4 50,301 101 70
    5 50,401 101 71
    6 50,502 101 71
    7 50,603 101 71
    8 50,704 101 71
    9 50,806 102 71
    10 50,907 102 71
    11 51,009 102 71
    12 51,111 102 72
    13 51,213 102 72
    14 51,316 103 72
    15 51,418 103 72
    16 51,521 103 72
    17 51,624 103 72
    18 51,727 103 72
    19 51,831 104 73
    20 51,935 104 73
    TOTAL $2,038 $1,427

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↓0.10% on February 9.
    6 Month Jumbo CD.

    Last change: ↓0.50% on October 1, 2024.

    Last change: ↑0.20% on January 18.

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    Last change: ↑0.20% on April 9.

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