Home
Compare Products

Compare Savings vs. CDs - September 2024

Long-Term Analysis of Monesty, a division of American Commerce Bank of Georgia with 5.22% APY and Finworth, a division of InsBank with 4.90% 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.

You May Choose More Savings or CD Products From Among these Popular Products to Compare

Amount

Type

Term

State

Product Name

PRODUCT

BANK

APY

STATE

AMOUNT

TERM

BANK TYPE

VS.NAT.AV.

MIN

ONLINE CD

Monesty, a division of American Commerce Bank of Georgia

5.22%

$50,000

12 Month

Online Bank

9.34x (National Avg. - 0.56%)

$500

SCENARIO

Year	Rate 5.22%	Annual Interest	Annual Interest (After Tax)
1	50,000	2,610	1,827
2	52,610	2,746	1,922
3	55,356	2,890	2,023
4	58,246	3,040	2,128
5	61,286	3,199	2,239
6	64,485	3,366	2,356
7	67,852	3,542	2,479
8	71,393	3,727	2,609
9	75,120	3,921	2,745
10	79,041	4,126	2,888
11	83,167	4,341	3,039
12	87,509	4,568	3,198
13	92,077	4,806	3,364
14	96,883	5,057	3,540
15	101,940	5,321	3,725
16	107,262	5,599	3,919
17	112,861	5,891	4,124
18	118,752	6,199	4,339
19	124,951	6,522	4,566
20	131,473	6,863	4,804
	TOTAL	$88,336	$61,835

ONLINE CD

Finworth, a division of InsBank

4.90%

$50,000

12 Month

Online Bank

8.77x (National Avg. - 0.56%)

$50,000

SCENARIO

Year	Rate 4.90%	Annual Interest	Annual Interest (After Tax)
1	50,000	2,450	1,715
2	52,450	2,570	1,799
3	55,020	2,696	1,887
4	57,716	2,828	1,980
5	60,544	2,967	2,077
6	63,511	3,112	2,178
7	66,623	3,265	2,285
8	69,887	3,424	2,397
9	73,312	3,592	2,515
10	76,904	3,768	2,638
11	80,672	3,953	2,767
12	84,625	4,147	2,903
13	88,772	4,350	3,045
14	93,122	4,563	3,194
15	97,685	4,787	3,351
16	102,471	5,021	3,515
17	107,492	5,267	3,687
18	112,760	5,525	3,868
19	118,285	5,796	4,057
20	124,081	6,080	4,256
	TOTAL	$80,161	$56,112

All calculations are for demonstration purposes only.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
TotalDirect, a division of City National Bank of Florida	5.51%	$25,000	Learn More
Last change: ↓0.15% on May 13. 3 Month CD.
ableBanking, a division of Northeast Bank	5.20%	$500	Learn More
Last change: ↓0.10% on August 16.
Gateway First Bank	5.15%	$500	Learn More
Last change: ↓0.10% on July 30.
LendingClub Bank, National Association	5.10%	$2,500	Learn More
Last change: ↓0.10% on September 18.
Quontic Bank	5.10%	$500	Learn More
Last change: ↑0.05% on August 24. Warning: Early withdrawal penalty equals six months of interest.