Compare Savings vs. CDs - January 2023


Long-Term Analysis of CONNEXUS with 4.76% APY and North American Savings Bank, F.S.B. with 4.76% 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
    ONLINE CD
    4.76%
    -
    $50,000
    12 Month
    Credit Union
    11.04x (National Avg. - 0.43%)
    $5,000
     
    SCENARIO
    Year Rate
    4.76%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,380 1,666
    2 52,380 2,493 1,745
    3 54,873 2,612 1,828
    4 57,485 2,736 1,915
    5 60,222 2,867 2,007
    6 63,088 3,003 2,102
    7 66,091 3,146 2,202
    8 69,237 3,296 2,307
    9 72,533 3,453 2,417
    10 75,985 3,617 2,532
    11 79,602 3,789 2,652
    12 83,391 3,969 2,779
    13 87,361 4,158 2,911
    14 91,519 4,356 3,049
    15 95,875 4,564 3,195
    16 100,439 4,781 3,347
    17 105,220 5,008 3,506
    18 110,228 5,247 3,673
    19 115,475 5,497 3,848
    20 120,972 5,758 4,031
    TOTAL $76,730 $53,711
  • 2
    ONLINE CD
    4.76%
    -
    $50,000
    12 Month
    Bank
    11.04x (National Avg. - 0.43%)
    $5,000
     
    SCENARIO
    Year Rate
    4.76%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,380 1,666
    2 52,380 2,493 1,745
    3 54,873 2,612 1,828
    4 57,485 2,736 1,915
    5 60,222 2,867 2,007
    6 63,088 3,003 2,102
    7 66,091 3,146 2,202
    8 69,237 3,296 2,307
    9 72,533 3,453 2,417
    10 75,985 3,617 2,532
    11 79,602 3,789 2,652
    12 83,391 3,969 2,779
    13 87,361 4,158 2,911
    14 91,519 4,356 3,049
    15 95,875 4,564 3,195
    16 100,439 4,781 3,347
    17 105,220 5,008 3,506
    18 110,228 5,247 3,673
    19 115,475 5,497 3,848
    20 120,972 5,758 4,031
    TOTAL $76,730 $53,711

    All calculations are for demonstration purposes only.