Compare Savings vs. CDs
Comparison of Deposit Account from My e-Banc, a division of Bradesco BAC Florida Bank with 5.49% - May 2024


Long-Term Analysis of My e-Banc, a division of Bradesco BAC Florida Bank with 5.49% 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
    5.49%
    -
    $50,000
    6 Month
    Online Bank
    8.01x (National Avg. - 0.69%)
    $50,000
     
    SCENARIO
    Year Rate
    5.49%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,745 1,922
    2 52,745 2,896 2,027
    3 55,641 3,055 2,138
    4 58,695 3,222 2,256
    5 61,918 3,399 2,379
    6 65,317 3,586 2,510
    7 68,903 3,783 2,648
    8 72,686 3,990 2,793
    9 76,676 4,210 2,947
    10 80,886 4,441 3,108
    11 85,326 4,684 3,279
    12 90,011 4,942 3,459
    13 94,952 5,213 3,649
    14 100,165 5,499 3,849
    15 105,664 5,801 4,061
    16 111,465 6,119 4,284
    17 117,585 6,455 4,519
    18 124,040 6,810 4,767
    19 130,850 7,184 5,029
    20 138,034 7,578 5,305
    TOTAL $95,612 $66,928

    All calculations are for demonstration purposes only.

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