Compare Savings vs. CDs
Comparison of Deposit Account from GORMAN-RUPP & ASSOCIATES with 1.51% - November 2024


Long-Term Analysis of GORMAN-RUPP & ASSOCIATES with 1.51% 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
    1.51%
    -
    $50,000
    18 Month
    Credit Union
    2.61x (National Avg. - 0.58%)
    $100,000
     
    SCENARIO
    Year Rate
    1.51%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 756 529
    2 50,756 767 537
    3 51,522 779 545
    4 52,301 790 553
    5 53,091 802 562
    6 53,893 814 570
    7 54,708 827 579
    8 55,534 839 587
    9 56,373 852 596
    10 57,225 865 605
    11 58,090 878 614
    12 58,968 891 624
    13 59,859 904 633
    14 60,763 918 643
    15 61,681 932 652
    16 62,613 946 662
    17 63,559 960 672
    18 64,520 975 682
    19 65,495 990 693
    20 66,484 1,005 703
    TOTAL $17,489 $12,242

    All calculations are for demonstration purposes only.

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