Compare Savings vs. CDs
Comparison of Deposit Account from HORIZON with 1.11% - December 2024


Long-Term Analysis of HORIZON with 1.11% 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
    1.11%
    -
    $50,000
    48 Month
    Credit Union
    1.36x (National Avg. - 0.81%)
    $100,000
     
    SCENARIO
    Year Rate
    1.11%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 553 387
    2 50,553 559 391
    3 51,111 565 395
    4 51,676 571 400
    5 52,247 577 404
    6 52,824 584 409
    7 53,408 590 413
    8 53,998 597 418
    9 54,595 603 422
    10 55,198 610 427
    11 55,808 617 432
    12 56,425 623 436
    13 57,048 630 441
    14 57,679 637 446
    15 58,316 644 451
    16 58,960 652 456
    17 59,612 659 461
    18 60,270 666 466
    19 60,936 673 471
    20 61,610 681 477
    TOTAL $12,291 $8,603

    All calculations are for demonstration purposes only.

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