Compare Savings vs. CDs
Comparison of Deposit Account from GREATER SPRINGFIELD with 3.92% - April 2024


Long-Term Analysis of GREATER SPRINGFIELD with 3.92% 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
    3.92%
    -
    $50,000
    18 Month
    Credit Union
    6.72x (National Avg. - 0.58%)
    $1,000
     
    SCENARIO
    Year Rate
    3.92%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,960 1,372
    2 51,960 2,037 1,426
    3 53,997 2,117 1,482
    4 56,114 2,200 1,540
    5 58,313 2,286 1,600
    6 60,599 2,375 1,663
    7 62,975 2,469 1,728
    8 65,443 2,565 1,796
    9 68,008 2,666 1,866
    10 70,674 2,770 1,939
    11 73,445 2,879 2,015
    12 76,324 2,992 2,094
    13 79,316 3,109 2,176
    14 82,425 3,231 2,262
    15 85,656 3,358 2,350
    16 89,014 3,489 2,443
    17 92,503 3,626 2,538
    18 96,129 3,768 2,638
    19 99,897 3,916 2,741
    20 103,813 4,069 2,849
    TOTAL $57,883 $40,518

    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.