Compare Savings vs. CDs
Comparison of Deposit Account from QUORUM with 4.17% - April 2024


Long-Term Analysis of QUORUM with 4.17% 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 SAVINGS
    4.17%
    -
    $50,000
    N.A.
    Credit Union
    19.40x (National Avg. - 0.22%)
    $0
     
    SCENARIO
    Year Rate
    4.17%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,085 1,460
    2 52,085 2,172 1,520
    3 54,257 2,263 1,584
    4 56,519 2,357 1,650
    5 58,876 2,455 1,719
    6 61,331 2,558 1,790
    7 63,889 2,664 1,865
    8 66,553 2,775 1,943
    9 69,328 2,891 2,024
    10 72,219 3,012 2,108
    11 75,231 3,137 2,196
    12 78,368 3,268 2,288
    13 81,636 3,404 2,383
    14 85,040 3,546 2,482
    15 88,586 3,694 2,586
    16 92,281 3,848 2,694
    17 96,129 4,009 2,806
    18 100,137 4,176 2,923
    19 104,313 4,350 3,045
    20 108,663 4,531 3,172
    TOTAL $63,194 $44,236

    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.