Compare Savings vs. CDs
Comparison of Deposit Account from WEST MICHIGAN with 1.47% - December 2024


Long-Term Analysis of WEST MICHIGAN with 1.47% 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
    1.47%
    -
    $50,000
    48 Month
    Credit Union
    1.81x (National Avg. - 0.81%)
    $100,000
     
    SCENARIO
    Year Rate
    1.47%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 735 515
    2 50,735 746 522
    3 51,481 757 530
    4 52,238 768 538
    5 53,005 779 545
    6 53,785 791 553
    7 54,575 802 562
    8 55,378 814 570
    9 56,192 826 578
    10 57,018 838 587
    11 57,856 850 595
    12 58,706 863 604
    13 59,569 876 613
    14 60,445 889 622
    15 61,333 902 631
    16 62,235 915 640
    17 63,150 928 650
    18 64,078 942 659
    19 65,020 956 669
    20 65,976 970 679
    TOTAL $16,946 $11,862

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

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    6 Month Jumbo CD.

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