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Comparison of Deposit Account from SELCO COMMUNITY with 1.00% - April 2025


Long-Term Analysis of COMMUNITY FIRST CREDIT UNION OF FLO with 4.71% APY and SELCO COMMUNITY with 1.00% APY and Institution for Savings in Newburyport and Its Vicinity with 3.50% 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
    COMMUNITY FIRST CREDIT UNION OF FLO
    4.71%
    -
    $50,000
    12 Month
    Credit Union
    8.53x (National Avg. - 0.55%)
    $250,000
     
    SCENARIO
    Year Rate
    4.71%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,355 1,649
    2 52,355 2,466 1,726
    3 54,821 2,582 1,807
    4 57,403 2,704 1,893
    5 60,107 2,831 1,982
    6 62,938 2,964 2,075
    7 65,902 3,104 2,173
    8 69,006 3,250 2,275
    9 72,256 3,403 2,382
    10 75,659 3,564 2,494
    11 79,223 3,731 2,612
    12 82,954 3,907 2,735
    13 86,862 4,091 2,864
    14 90,953 4,284 2,999
    15 95,237 4,486 3,140
    16 99,722 4,697 3,288
    17 104,419 4,918 3,443
    18 109,337 5,150 3,605
    19 114,487 5,392 3,775
    20 119,880 5,646 3,952
    TOTAL $75,526 $52,868
  • 2
    LOCAL CD
    SELCO COMMUNITY
    1.00%
    -
    $50,000
    48 Month
    Credit Union
    1.23x (National Avg. - 0.82%)
    $100,000
     
    SCENARIO
    Year Rate
    1.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 500 350
    2 50,500 505 354
    3 51,005 510 357
    4 51,515 515 361
    5 52,030 520 364
    6 52,551 526 368
    7 53,076 531 372
    8 53,607 536 375
    9 54,143 541 379
    10 54,684 547 383
    11 55,231 552 387
    12 55,783 558 390
    13 56,341 563 394
    14 56,905 569 398
    15 57,474 575 402
    16 58,048 580 406
    17 58,629 586 410
    18 59,215 592 415
    19 59,807 598 419
    20 60,405 604 423
    TOTAL $11,010 $7,707
  • 3
    LOCAL SAVINGS
    Institution for Savings in Newburyport and Its Vicinity
    3.50%
    -
    $50,000
    N.A.
    Bank
    15.56x (National Avg. - 0.23%)
    $100,000
     
    SCENARIO
    Year Rate
    3.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,750 1,225
    2 51,750 1,811 1,268
    3 53,561 1,875 1,312
    4 55,436 1,940 1,358
    5 57,376 2,008 1,406
    6 59,384 2,078 1,455
    7 61,463 2,151 1,506
    8 63,614 2,226 1,559
    9 65,840 2,304 1,613
    10 68,145 2,385 1,670
    11 70,530 2,469 1,728
    12 72,998 2,555 1,788
    13 75,553 2,644 1,851
    14 78,198 2,737 1,916
    15 80,935 2,833 1,983
    16 83,767 2,932 2,052
    17 86,699 3,034 2,124
    18 89,734 3,141 2,198
    19 92,874 3,251 2,275
    20 96,125 3,364 2,355
    TOTAL $49,489 $34,643

    All calculations are for demonstration purposes only.

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