Compare Savings vs. CDs
Comparison of Deposit Account from Amalgamated Bank with 3.79% - May 2024


Long-Term Analysis of Amalgamated Bank with 3.79% 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
    3.79%
    -
    $50,000
    6 Month
    Bank
    9.50x (National Avg. - 0.40%)
    $500
     
    SCENARIO
    Year Rate
    3.79%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,895 1,327
    2 51,895 1,967 1,377
    3 53,862 2,041 1,429
    4 55,903 2,119 1,483
    5 58,022 2,199 1,539
    6 60,221 2,282 1,598
    7 62,503 2,369 1,658
    8 64,872 2,459 1,721
    9 67,331 2,552 1,786
    10 69,883 2,649 1,854
    11 72,531 2,749 1,924
    12 75,280 2,853 1,997
    13 78,133 2,961 2,073
    14 81,095 3,073 2,151
    15 84,168 3,190 2,233
    16 87,358 3,311 2,318
    17 90,669 3,436 2,405
    18 94,105 3,567 2,497
    19 97,672 3,702 2,591
    20 101,374 3,842 2,689
    TOTAL $55,216 $38,651

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

    Last change: ↑0.46% on December 15, 2023.
    3 Month CD.

    Last change: ↑0.60% on April 19.
    Warning: Early Withdrawal Penalty is 12 Months interest.

    Last change: ↑0.20% on September 8, 2023.
    6 Month CD.

    Last change: ↓0.05% on March 15.
    3 Month CD.