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Comparison of Deposit Account from COMMONWEALTH with 1.15% - May 2024


Long-Term Analysis of CITY & POLICE with 1.10% APY and COMMONWEALTH with 1.15% APY and WEXFORD COMMUNITY with 0.75% APY and MEMBERS FIRST with 0.17% 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
    CITY & POLICE
    1.10%
    -
    $50,000
    36 Month
    Credit Union
    1.26x (National Avg. - 0.87%)
    $100,000
     
    SCENARIO
    Year Rate
    1.10%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 550 385
    2 50,550 556 389
    3 51,106 562 394
    4 51,668 568 398
    5 52,237 575 402
    6 52,811 581 407
    7 53,392 587 411
    8 53,979 594 416
    9 54,573 600 420
    10 55,173 607 425
    11 55,780 614 430
    12 56,394 620 434
    13 57,014 627 439
    14 57,641 634 444
    15 58,276 641 449
    16 58,917 648 454
    17 59,565 655 459
    18 60,220 662 464
    19 60,882 670 469
    20 61,552 677 474
    TOTAL $12,229 $8,560
  • 2
    LOCAL CD
    COMMONWEALTH
    1.15%
    -
    $50,000
    36 Month
    Credit Union
    1.32x (National Avg. - 0.87%)
    $100,000
     
    SCENARIO
    Year Rate
    1.15%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 575 403
    2 50,575 582 407
    3 51,157 588 412
    4 51,745 595 417
    5 52,340 602 421
    6 52,942 609 426
    7 53,551 616 431
    8 54,167 623 436
    9 54,789 630 441
    10 55,420 637 446
    11 56,057 645 451
    12 56,702 652 456
    13 57,354 660 462
    14 58,013 667 467
    15 58,680 675 472
    16 59,355 683 478
    17 60,038 690 483
    18 60,728 698 489
    19 61,427 706 494
    20 62,133 715 500
    TOTAL $12,847 $8,993
  • 3
    LOCAL CD
    WEXFORD COMMUNITY
    0.75%
    -
    $50,000
    24 Month
    Credit Union
    0.79x (National Avg. - 0.95%)
    $100,000
     
    SCENARIO
    Year Rate
    0.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 375 263
    2 50,375 378 264
    3 50,753 381 266
    4 51,133 384 268
    5 51,517 386 270
    6 51,903 389 272
    7 52,293 392 275
    8 52,685 395 277
    9 53,080 398 279
    10 53,478 401 281
    11 53,879 404 283
    12 54,283 407 285
    13 54,690 410 287
    14 55,101 413 289
    15 55,514 416 291
    16 55,930 419 294
    17 56,350 423 296
    18 56,772 426 298
    19 57,198 429 300
    20 57,627 432 303
    TOTAL $8,059 $5,641
  • 4
    LOCAL SAVINGS
    MEMBERS FIRST
    0.17%
    -
    $50,000
    N.A.
    Credit Union
    0.78x (National Avg. - 0.22%)
    $2,500
     
    SCENARIO
    Year Rate
    0.17%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 85 60
    2 50,085 85 60
    3 50,170 85 60
    4 50,255 85 60
    5 50,341 86 60
    6 50,426 86 60
    7 50,512 86 60
    8 50,598 86 60
    9 50,684 86 60
    10 50,770 86 60
    11 50,857 86 61
    12 50,943 87 61
    13 51,030 87 61
    14 51,116 87 61
    15 51,203 87 61
    16 51,290 87 61
    17 51,377 87 61
    18 51,465 87 61
    19 51,552 88 61
    20 51,640 88 61
    TOTAL $1,728 $1,209

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    5 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: ↓0.15% on May 13.
    3 Month CD.

    Last change: ↑0.09% on March 12.
    6 Month Jumbo CD.

    Last change: ↓0.05% on May 9.

    Last change: ↓0.36% on March 12.
    Early Withdrawal Penalty is 3 months interest.

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