Compare Savings vs. CDs
Comparison of Deposit Account from Morton Community Bank with 2.66% - December 2024


Long-Term Analysis of Morton Community Bank with 2.66% 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
    2.66%
    -
    $50,000
    12 Month
    Bank
    4.82x (National Avg. - 0.55%)
    $100,000
     
    SCENARIO
    Year Rate
    2.66%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,330 931
    2 51,330 1,365 956
    3 52,695 1,402 981
    4 54,097 1,439 1,007
    5 55,536 1,477 1,034
    6 57,013 1,517 1,062
    7 58,530 1,557 1,090
    8 60,087 1,598 1,119
    9 61,685 1,641 1,149
    10 63,326 1,684 1,179
    11 65,010 1,729 1,210
    12 66,740 1,775 1,243
    13 68,515 1,822 1,276
    14 70,337 1,871 1,310
    15 72,208 1,921 1,345
    16 74,129 1,972 1,380
    17 76,101 2,024 1,417
    18 78,125 2,078 1,455
    19 80,203 2,133 1,493
    20 82,337 2,190 1,533
    TOTAL $34,527 $24,169

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

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