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Comparison of Deposit Account from Webster Bank, National Association with 0.10% - November 2024


Long-Term Analysis of Southeast First National Bank with 0.60% APY and Webster Bank, National Association with 0.10% APY and AMERICAN AIRLINES with 2.22% 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
    Southeast First National Bank
    0.60%
    -
    $50,000
    48 Month
    Bank
    0.74x (National Avg. - 0.81%)
    $100,000
     
    SCENARIO
    Year Rate
    0.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 300 210
    2 50,300 302 211
    3 50,602 304 213
    4 50,905 305 214
    5 51,211 307 215
    6 51,518 309 216
    7 51,827 311 218
    8 52,138 313 219
    9 52,451 315 220
    10 52,766 317 222
    11 53,082 318 223
    12 53,401 320 224
    13 53,721 322 226
    14 54,044 324 227
    15 54,368 326 228
    16 54,694 328 230
    17 55,022 330 231
    18 55,352 332 232
    19 55,684 334 234
    20 56,019 336 235
    TOTAL $6,355 $4,448
  • 2
    LOCAL CD
    Webster Bank, National Association
    0.10%
    -
    $50,000
    6 Month
    Bank
    0.25x (National Avg. - 0.41%)
    $10,000
     
    SCENARIO
    Year Rate
    0.10%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 50 35
    2 50,050 50 35
    3 50,100 50 35
    4 50,150 50 35
    5 50,200 50 35
    6 50,251 50 35
    7 50,301 50 35
    8 50,351 50 35
    9 50,401 50 35
    10 50,452 50 35
    11 50,502 51 35
    12 50,553 51 35
    13 50,603 51 35
    14 50,654 51 35
    15 50,705 51 35
    16 50,755 51 36
    17 50,806 51 36
    18 50,857 51 36
    19 50,908 51 36
    20 50,959 51 36
    TOTAL $1,010 $707
  • 3
    LOCAL SAVINGS
    AMERICAN AIRLINES
    2.22%
    -
    $50,000
    N.A.
    Credit Union
    9.87x (National Avg. - 0.23%)
    $5
     
    SCENARIO
    Year Rate
    2.22%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,110 777
    2 51,110 1,135 794
    3 52,245 1,160 812
    4 53,404 1,186 830
    5 54,590 1,212 848
    6 55,802 1,239 867
    7 57,041 1,266 886
    8 58,307 1,294 906
    9 59,601 1,323 926
    10 60,925 1,353 947
    11 62,277 1,383 968
    12 63,660 1,413 989
    13 65,073 1,445 1,011
    14 66,518 1,477 1,034
    15 67,994 1,509 1,057
    16 69,504 1,543 1,080
    17 71,047 1,577 1,104
    18 72,624 1,612 1,129
    19 74,236 1,648 1,154
    20 75,884 1,685 1,179
    TOTAL $27,569 $19,298

    All calculations are for demonstration purposes only.

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