Compare Savings vs. CDs
Comparison of Deposit Account from TEXAS PEOPLE with 4.63% - November 2024


Long-Term Analysis of TEXAS PEOPLE with 4.63% 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
    4.63%
    -
    $50,000
    18 Month
    Credit Union
    8.01x (National Avg. - 0.58%)
    $50,000
     
    SCENARIO
    Year Rate
    4.63%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,315 1,621
    2 52,315 2,422 1,696
    3 54,737 2,534 1,774
    4 57,272 2,652 1,856
    5 59,923 2,774 1,942
    6 62,698 2,903 2,032
    7 65,601 3,037 2,126
    8 68,638 3,178 2,225
    9 71,816 3,325 2,328
    10 75,141 3,479 2,435
    11 78,620 3,640 2,548
    12 82,260 3,809 2,666
    13 86,069 3,985 2,789
    14 90,054 4,169 2,919
    15 94,223 4,363 3,054
    16 98,586 4,565 3,195
    17 103,150 4,776 3,343
    18 107,926 4,997 3,498
    19 112,923 5,228 3,660
    20 118,151 5,470 3,829
    TOTAL $73,622 $51,535

    All calculations are for demonstration purposes only.

    Featured CD Rates

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