Compare Savings vs. CDs
Comparison of Deposit Account from EvaBank with 5.09% - November 2024


Long-Term Analysis of EvaBank with 5.09% 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
    5.09%
    -
    $50,000
    3 Month
    Bank
    2.31x (National Avg. - 2.21%)
    $500
     
    SCENARIO
    Year Rate
    5.09%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,545 1,782
    2 52,545 2,675 1,872
    3 55,220 2,811 1,967
    4 58,030 2,954 2,068
    5 60,984 3,104 2,173
    6 64,088 3,262 2,283
    7 67,350 3,428 2,400
    8 70,778 3,603 2,522
    9 74,381 3,786 2,650
    10 78,167 3,979 2,785
    11 82,146 4,181 2,927
    12 86,327 4,394 3,076
    13 90,721 4,618 3,232
    14 95,338 4,853 3,397
    15 100,191 5,100 3,570
    16 105,291 5,359 3,752
    17 110,650 5,632 3,942
    18 116,282 5,919 4,143
    19 122,201 6,220 4,354
    20 128,421 6,537 4,576
    TOTAL $84,958 $59,470

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↑0.25% on October 28.
    6 Month Jumbo CD.

    Last change: ↓0.09% on October 17.
    3 Month CD.

    Last change: ↓0.15% on September 6.

    Last change: ↑0.20% on October 28.
    Early Withdrawal Penalty is 3 months interest.

    Last change: ↓0.50% on October 1.