Compare Savings vs. CDs
Comparison of Deposit Account from PROVIDENT with 2.61% - November 2024


Long-Term Analysis of PROVIDENT with 2.61% 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
    2.61%
    -
    $50,000
    48 Month
    Credit Union
    3.21x (National Avg. - 0.81%)
    $50,000
     
    SCENARIO
    Year Rate
    2.61%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,305 914
    2 51,305 1,339 937
    3 52,644 1,374 962
    4 54,018 1,410 987
    5 55,428 1,447 1,013
    6 56,875 1,484 1,039
    7 58,359 1,523 1,066
    8 59,882 1,563 1,094
    9 61,445 1,604 1,123
    10 63,049 1,646 1,152
    11 64,694 1,689 1,182
    12 66,383 1,733 1,213
    13 68,116 1,778 1,244
    14 69,893 1,824 1,277
    15 71,718 1,872 1,310
    16 73,589 1,921 1,344
    17 75,510 1,971 1,380
    18 77,481 2,022 1,416
    19 79,503 2,075 1,453
    20 81,578 2,129 1,490
    TOTAL $33,707 $23,595

    All calculations are for demonstration purposes only.

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