Compare Savings vs. CDs
Comparison of Deposit Account from RADIFI with 2.75% - May 2024


Long-Term Analysis of FIELDSTONE with 0.61% APY and SOUTHLAND with 0.05% APY and RADIFI with 2.75% 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
    0.61%
    -
    $50,000
    36 Month
    Credit Union
    0.70x (National Avg. - 0.87%)
    $100,000
     
    SCENARIO
    Year Rate
    0.61%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 306 214
    2 50,306 308 216
    3 50,614 310 217
    4 50,924 312 218
    5 51,235 314 219
    6 51,549 315 221
    7 51,864 317 222
    8 52,182 319 224
    9 52,501 321 225
    10 52,822 323 226
    11 53,146 325 228
    12 53,471 327 229
    13 53,798 329 230
    14 54,127 331 232
    15 54,459 333 233
    16 54,792 335 235
    17 55,127 337 236
    18 55,465 339 238
    19 55,804 342 239
    20 56,146 344 241
    TOTAL $6,489 $4,542
  • 2
    LOCAL SAVINGS
    0.05%
    -
    $50,000
    N.A.
    Credit Union
    0.23x (National Avg. - 0.22%)
    $2,500
     
    SCENARIO
    Year Rate
    0.05%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 25 18
    2 50,025 25 18
    3 50,050 25 18
    4 50,075 25 18
    5 50,100 25 18
    6 50,125 25 18
    7 50,150 25 18
    8 50,175 25 18
    9 50,200 25 18
    10 50,225 25 18
    11 50,251 25 18
    12 50,276 25 18
    13 50,301 25 18
    14 50,326 25 18
    15 50,351 25 18
    16 50,376 25 18
    17 50,402 25 18
    18 50,427 25 18
    19 50,452 25 18
    20 50,477 25 18
    TOTAL $502 $352
  • 3
    LOCAL CD
    2.75%
    -
    $50,000
    12 Month
    Credit Union
    3.28x (National Avg. - 0.84%)
    $25,000
     
    SCENARIO
    Year Rate
    2.75%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,375 963
    2 51,375 1,413 989
    3 52,788 1,452 1,016
    4 54,239 1,492 1,044
    5 55,731 1,533 1,073
    6 57,264 1,575 1,102
    7 58,838 1,618 1,133
    8 60,456 1,663 1,164
    9 62,119 1,708 1,196
    10 63,827 1,755 1,229
    11 65,583 1,804 1,262
    12 67,386 1,853 1,297
    13 69,239 1,904 1,333
    14 71,143 1,956 1,370
    15 73,100 2,010 1,407
    16 75,110 2,066 1,446
    17 77,175 2,122 1,486
    18 79,298 2,181 1,526
    19 81,478 2,241 1,568
    20 83,719 2,302 1,612
    TOTAL $36,021 $25,215

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    5 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: ↓0.15% on May 13.
    3 Month CD.

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

    Last change: ↓0.05% on May 9.

    Last change: ↓0.36% on March 12.
    Early Withdrawal Penalty is 3 months interest.