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Comparison of Deposit Account from Bank5 Connect with 0.50% - September 2021

Long-Term Analysis of Bank5 Connect with 0.50% 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

Bank5 Connect

0.50%

$50,000

24 Month

Online Bank

0.95x (National Avg. - 0.53%)

$500

SCENARIO

Year	Rate 0.50%	Annual Interest	Annual Interest (After Tax)
1	50,000	250	175
2	50,250	251	176
3	50,501	253	177
4	50,754	254	178
5	51,008	255	179
6	51,263	256	179
7	51,519	258	180
8	51,776	259	181
9	52,035	260	182
10	52,296	261	183
11	52,557	263	184
12	52,820	264	185
13	53,084	265	186
14	53,349	267	187
15	53,616	268	188
16	53,884	269	189
17	54,154	271	190
18	54,424	272	190
19	54,696	273	191
20	54,970	275	192
	TOTAL	$5,245	$3,671

All calculations are for demonstration purposes only.

Compare Savings vs. CDs Comparison of Deposit Account from Bank5 Connect with 0.50% - September 2021

Long-Term Analysis of Bank5 Connect with 0.50% APY

Compare Savings vs. CDs
Comparison of Deposit Account from Bank5 Connect with 0.50% - September 2021