Compare Savings vs. CDs
Comparison of Deposit Account from WESTEX COMMUNITY with 0.95% - November 2024


Long-Term Analysis of WESTEX COMMUNITY with 0.95% 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
    0.95%
    -
    $50,000
    36 Month
    Credit Union
    1.27x (National Avg. - 0.75%)
    $100,000
     
    SCENARIO
    Year Rate
    0.95%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 477 334
    2 50,477 481 337
    3 50,958 486 340
    4 51,443 490 343
    5 51,933 495 346
    6 52,428 500 350
    7 52,928 504 353
    8 53,432 509 356
    9 53,942 514 360
    10 54,456 519 363
    11 54,975 524 367
    12 55,499 529 370
    13 56,027 534 374
    14 56,561 539 377
    15 57,100 544 381
    16 57,645 549 385
    17 58,194 555 388
    18 58,749 560 392
    19 59,308 565 396
    20 59,874 571 399
    TOTAL $10,444 $7,311

    All calculations are for demonstration purposes only.

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