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Compare Savings vs. CDs - September 2024

Long-Term Analysis of NATIONAL COOPERATIVE BANK, N.A. with 5.18% APY and Monesty, a division of American Commerce Bank of Georgia with 5.22% 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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Amount

Type

Term

State

Product Name

PRODUCT

BANK

APY

STATE

AMOUNT

TERM

BANK TYPE

VS.NAT.AV.

MIN

ONLINE CD

NATIONAL COOPERATIVE BANK, N.A.

5.18%

$50,000

12 Month

Bank

9.27x (National Avg. - 0.56%)

$2,500

SCENARIO

Year	Rate 5.18%	Annual Interest	Annual Interest (After Tax)
1	50,000	2,590	1,813
2	52,590	2,724	1,907
3	55,314	2,865	2,006
4	58,179	3,014	2,110
5	61,193	3,170	2,219
6	64,363	3,334	2,334
7	67,697	3,507	2,455
8	71,204	3,688	2,582
9	74,892	3,879	2,716
10	78,771	4,080	2,856
11	82,852	4,292	3,004
12	87,143	4,514	3,160
13	91,657	4,748	3,324
14	96,405	4,994	3,496
15	101,399	5,252	3,677
16	106,652	5,525	3,867
17	112,176	5,811	4,068
18	117,987	6,112	4,278
19	124,099	6,428	4,500
20	130,527	6,761	4,733
	TOTAL	$87,288	$61,102

ONLINE CD

Monesty, a division of American Commerce Bank of Georgia

5.22%

$50,000

12 Month

Online Bank

9.34x (National Avg. - 0.56%)

$500

SCENARIO

Year	Rate 5.22%	Annual Interest	Annual Interest (After Tax)
1	50,000	2,610	1,827
2	52,610	2,746	1,922
3	55,356	2,890	2,023
4	58,246	3,040	2,128
5	61,286	3,199	2,239
6	64,485	3,366	2,356
7	67,852	3,542	2,479
8	71,393	3,727	2,609
9	75,120	3,921	2,745
10	79,041	4,126	2,888
11	83,167	4,341	3,039
12	87,509	4,568	3,198
13	92,077	4,806	3,364
14	96,883	5,057	3,540
15	101,940	5,321	3,725
16	107,262	5,599	3,919
17	112,861	5,891	4,124
18	118,752	6,199	4,339
19	124,951	6,522	4,566
20	131,473	6,863	4,804
	TOTAL	$88,336	$61,835

All calculations are for demonstration purposes only.

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