Compare Savings vs. CDs
Comparison of Deposit Account from M.Y. Safra Bank with 5.16% - March 2024


Long-Term Analysis of M.Y. Safra Bank with 5.16% 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
    5.16%
    -
    $50,000
    6 Month
    Bank
    13.00x (National Avg. - 0.40%)
    $500
     
    SCENARIO
    Year Rate
    5.16%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,580 1,806
    2 52,580 2,713 1,899
    3 55,293 2,853 1,997
    4 58,146 3,000 2,100
    5 61,147 3,155 2,209
    6 64,302 3,318 2,323
    7 67,620 3,489 2,442
    8 71,109 3,669 2,568
    9 74,778 3,859 2,701
    10 78,637 4,058 2,840
    11 82,694 4,267 2,987
    12 86,961 4,487 3,141
    13 91,449 4,719 3,303
    14 96,167 4,962 3,474
    15 101,130 5,218 3,653
    16 106,348 5,488 3,841
    17 111,835 5,771 4,039
    18 117,606 6,068 4,248
    19 123,675 6,382 4,467
    20 130,056 6,711 4,698
    TOTAL $86,767 $60,737

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    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.

    Last change: ↑0.20% on September 8, 2023.

    Last change: ↓0.05% on March 15.

    Last change: ↑0.09% on March 12.