Compare Savings vs. CDs
Comparison of Deposit Account from WELLSPRING with 0.62% - December 2024


Long-Term Analysis of WELLSPRING with 0.62% 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
    0.62%
    -
    $50,000
    18 Month
    Credit Union
    1.08x (National Avg. - 0.58%)
    $10,000
     
    SCENARIO
    Year Rate
    0.62%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 311 218
    2 50,311 313 219
    3 50,624 315 220
    4 50,939 317 222
    5 51,256 319 223
    6 51,574 321 225
    7 51,895 323 226
    8 52,218 325 227
    9 52,543 327 229
    10 52,870 329 230
    11 53,199 331 232
    12 53,529 333 233
    13 53,862 335 235
    14 54,197 337 236
    15 54,534 339 237
    16 54,874 341 239
    17 55,215 343 240
    18 55,558 346 242
    19 55,904 348 243
    20 56,252 350 245
    TOTAL $6,602 $4,621

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↓0.09% on October 17.
    3 Month CD.

    Last change: ↓0.15% on September 6.

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    6 Month Jumbo CD.

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    Last change: ↑0.70% on December 7.