Compare Savings vs. CDs
Comparison of Deposit Account from FAMILY ADVANTAGE with 0.60% - November 2024


Long-Term Analysis of FAMILY ADVANTAGE with 0.60% 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
    0.60%
    -
    $50,000
    24 Month
    Credit Union
    0.92x (National Avg. - 0.66%)
    $100,000
     
    SCENARIO
    Year Rate
    0.60%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 302 211
    2 50,302 303 212
    3 50,605 305 214
    4 50,910 307 215
    5 51,217 309 216
    6 51,526 311 217
    7 51,836 313 219
    8 52,149 314 220
    9 52,464 316 221
    10 52,780 318 223
    11 53,098 320 224
    12 53,418 322 225
    13 53,740 324 227
    14 54,064 326 228
    15 54,390 328 230
    16 54,718 330 231
    17 55,048 332 232
    18 55,380 334 234
    19 55,714 336 235
    20 56,050 338 237
    TOTAL $6,388 $4,472

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

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    3 Month CD.

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    Early Withdrawal Penalty is 3 months interest.