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Comparison of Deposit Account from SUNCOAST with 4.25% - December 2024


Long-Term Analysis of SUNCOAST with 4.25% APY and PEN AIR with 0.30% 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
    SUNCOAST
    4.25%
    -
    $50,000
    24 Month
    Credit Union
    6.46x (National Avg. - 0.66%)
    $100,000
     
    SCENARIO
    Year Rate
    4.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,125 1,488
    2 52,125 2,215 1,551
    3 54,340 2,309 1,617
    4 56,650 2,408 1,685
    5 59,057 2,510 1,757
    6 61,567 2,617 1,832
    7 64,184 2,728 1,909
    8 66,912 2,844 1,991
    9 69,756 2,965 2,075
    10 72,720 3,091 2,163
    11 75,811 3,222 2,255
    12 79,033 3,359 2,351
    13 82,392 3,502 2,451
    14 85,893 3,650 2,555
    15 89,544 3,806 2,664
    16 93,349 3,967 2,777
    17 97,317 4,136 2,895
    18 101,453 4,312 3,018
    19 105,764 4,495 3,146
    20 110,259 4,686 3,280
    TOTAL $64,945 $45,462
  • 2
    LOCAL SAVINGS
    PEN AIR
    0.30%
    -
    $50,000
    N.A.
    Credit Union
    1.32x (National Avg. - 0.23%)
    $75,000
     
    SCENARIO
    Year Rate
    0.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 150 105
    2 50,150 150 105
    3 50,299 150 105
    4 50,450 151 106
    5 50,601 151 106
    6 50,752 152 106
    7 50,904 152 107
    8 51,056 153 107
    9 51,209 153 107
    10 51,362 154 108
    11 51,515 154 108
    12 51,669 154 108
    13 51,824 155 108
    14 51,979 155 109
    15 52,134 156 109
    16 52,290 156 109
    17 52,446 157 110
    18 52,603 157 110
    19 52,760 158 110
    20 52,918 158 111
    TOTAL $3,076 $2,154

    All calculations are for demonstration purposes only.

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