Compare Savings vs. CDs
Comparison of Deposit Account from LAFAYETTE with 5.04% - November 2024


Long-Term Analysis of LAFAYETTE with 5.04% 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
    5.04%
    -
    $50,000
    12 Month
    Credit Union
    9.10x (National Avg. - 0.55%)
    $500
     
    SCENARIO
    Year Rate
    5.04%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,520 1,764
    2 52,520 2,647 1,853
    3 55,167 2,780 1,946
    4 57,947 2,921 2,044
    5 60,868 3,068 2,147
    6 63,936 3,222 2,256
    7 67,158 3,385 2,369
    8 70,543 3,555 2,489
    9 74,098 3,735 2,614
    10 77,833 3,923 2,746
    11 81,756 4,120 2,884
    12 85,876 4,328 3,030
    13 90,204 4,546 3,182
    14 94,750 4,775 3,343
    15 99,526 5,016 3,511
    16 104,542 5,269 3,688
    17 109,811 5,534 3,874
    18 115,345 5,813 4,069
    19 121,159 6,106 4,274
    20 127,265 6,414 4,490
    TOTAL $83,679 $58,576

    All calculations are for demonstration purposes only.

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