Compare Savings vs. CDs
Comparison of Deposit Account from The Savings Bank with 0.30% - November 2024


Long-Term Analysis of JUSTICE with 0.98% APY and The Savings Bank 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
    0.98%
    -
    $50,000
    48 Month
    Credit Union
    1.21x (National Avg. - 0.81%)
    $100,000
     
    SCENARIO
    Year Rate
    0.98%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 492 344
    2 50,492 497 348
    3 50,989 502 351
    4 51,491 507 355
    5 51,997 512 358
    6 52,509 517 362
    7 53,026 522 365
    8 53,547 527 369
    9 54,074 532 372
    10 54,606 537 376
    11 55,144 543 380
    12 55,686 548 384
    13 56,234 553 387
    14 56,788 559 391
    15 57,346 564 395
    16 57,911 570 399
    17 58,481 575 403
    18 59,056 581 407
    19 59,637 587 411
    20 60,224 593 415
    TOTAL $10,816 $7,572
  • 2
    LOCAL CD
    0.30%
    -
    $50,000
    60 Month
    Bank
    0.33x (National Avg. - 0.92%)
    $1,000
     
    SCENARIO
    Year Rate
    0.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 150 105
    2 50,150 150 105
    3 50,300 151 106
    4 50,451 151 106
    5 50,603 152 106
    6 50,755 152 107
    7 50,907 153 107
    8 51,059 153 107
    9 51,213 154 108
    10 51,366 154 108
    11 51,520 155 108
    12 51,675 155 109
    13 51,830 155 109
    14 51,985 156 109
    15 52,141 156 109
    16 52,298 157 110
    17 52,455 157 110
    18 52,612 158 110
    19 52,770 158 111
    20 52,928 159 111
    TOTAL $3,087 $2,161

    All calculations are for demonstration purposes only.

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