Compare Savings vs. CDs
Comparison of Deposit Account from Habib American Bank with 0.60% - November 2024


Long-Term Analysis of Habib American Bank 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 SAVINGS
    0.60%
    -
    $50,000
    N.A.
    Bank
    2.66x (National Avg. - 0.23%)
    $500
     
    SCENARIO
    Year Rate
    0.60%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 299 209
    2 50,299 301 211
    3 50,600 303 212
    4 50,902 304 213
    5 51,207 306 214
    6 51,513 308 216
    7 51,821 310 217
    8 52,131 312 218
    9 52,443 314 220
    10 52,756 315 221
    11 53,072 317 222
    12 53,389 319 223
    13 53,708 321 225
    14 54,030 323 226
    15 54,353 325 228
    16 54,678 327 229
    17 55,005 329 230
    18 55,334 331 232
    19 55,664 333 233
    20 55,997 335 234
    TOTAL $6,332 $4,433

    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: ↓0.05% on September 27.

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