Compare Savings vs. CDs
Comparison of Deposit Account from Today's Bank with 0.55% - November 2024


Long-Term Analysis of Today's Bank with 0.55% 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
    0.55%
    -
    $50,000
    24 Month
    Bank
    0.84x (National Avg. - 0.66%)
    $100,000
     
    SCENARIO
    Year Rate
    0.55%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 275 192
    2 50,275 276 193
    3 50,551 278 194
    4 50,828 279 195
    5 51,107 281 196
    6 51,388 282 197
    7 51,670 284 199
    8 51,953 285 200
    9 52,239 287 201
    10 52,525 288 202
    11 52,814 290 203
    12 53,104 292 204
    13 53,395 293 205
    14 53,688 295 206
    15 53,983 296 207
    16 54,280 298 209
    17 54,578 300 210
    18 54,877 301 211
    19 55,178 303 212
    20 55,481 305 213
    TOTAL $5,786 $4,050

    All calculations are for demonstration purposes only.

    Featured CD Rates

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