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Comparison of Deposit Account from GEORGIA'S OWN with 2.97% - November 2024


Long-Term Analysis of GEORGIA'S OWN with 2.97% 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
    2.97%
    -
    $50,000
    24 Month
    Credit Union
    4.52x (National Avg. - 0.66%)
    $500
     
    SCENARIO
    Year Rate
    2.97%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,485 1,040
    2 51,485 1,529 1,070
    3 53,014 1,575 1,102
    4 54,589 1,621 1,135
    5 56,210 1,669 1,169
    6 57,879 1,719 1,203
    7 59,598 1,770 1,239
    8 61,368 1,823 1,276
    9 63,191 1,877 1,314
    10 65,068 1,933 1,353
    11 67,000 1,990 1,393
    12 68,990 2,049 1,434
    13 71,039 2,110 1,477
    14 73,149 2,173 1,521
    15 75,322 2,237 1,566
    16 77,559 2,303 1,612
    17 79,862 2,372 1,660
    18 82,234 2,442 1,710
    19 84,676 2,515 1,760
    20 87,191 2,590 1,813
    TOTAL $39,781 $27,847

    All calculations are for demonstration purposes only.

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