Compare Savings vs. CDs
Comparison of Deposit Account from InsBank with 2.38% - April 2024


Long-Term Analysis of InsBank with 2.38% 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 MONEY MARKET
    2.38%
    -
    $50,000
    N.A.
    Bank
    N.A.
    $50,000
     
    SCENARIO
    Year Rate
    2.38%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,190 833
    2 51,190 1,218 853
    3 52,408 1,247 873
    4 53,656 1,277 894
    5 54,933 1,307 915
    6 56,240 1,339 937
    7 57,579 1,370 959
    8 58,949 1,403 982
    9 60,352 1,436 1,005
    10 61,788 1,471 1,029
    11 63,259 1,506 1,054
    12 64,764 1,541 1,079
    13 66,306 1,578 1,105
    14 67,884 1,616 1,131
    15 69,500 1,654 1,158
    16 71,154 1,693 1,185
    17 72,847 1,734 1,214
    18 74,581 1,775 1,243
    19 76,356 1,817 1,272
    20 78,173 1,861 1,302
    TOTAL $30,034 $21,024

    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: ↑0.20% on September 8, 2023.
    6 Month CD.

    Last change: ↓0.05% on March 15.
    3 Month CD.

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