Compare Savings vs. CDs
Comparison of Deposit Account from VeraBank, National Association with 2.98% - November 2024


Long-Term Analysis of VeraBank, National Association with 2.98% 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
    2.98%
    -
    $50,000
    24 Month
    Bank
    4.54x (National Avg. - 0.66%)
    $10,000
     
    SCENARIO
    Year Rate
    2.98%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,490 1,043
    2 51,490 1,534 1,074
    3 53,024 1,580 1,106
    4 54,605 1,627 1,139
    5 56,232 1,676 1,173
    6 57,907 1,726 1,208
    7 59,633 1,777 1,244
    8 61,410 1,830 1,281
    9 63,240 1,885 1,319
    10 65,125 1,941 1,359
    11 67,065 1,999 1,399
    12 69,064 2,058 1,441
    13 71,122 2,119 1,484
    14 73,242 2,183 1,528
    15 75,424 2,248 1,573
    16 77,672 2,315 1,620
    17 79,986 2,384 1,669
    18 82,370 2,455 1,718
    19 84,825 2,528 1,769
    20 87,352 2,603 1,822
    TOTAL $39,956 $27,969

    All calculations are for demonstration purposes only.

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