Compare Savings vs. CDs
Comparison of Deposit Account from ROCKET with 1.01% - May 2025


Long-Term Analysis of Mechanics Bank with 0.05% APY and ROCKET with 1.01% 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 MONEY MARKET
    0.05%
    -
    $50,000
    N.A.
    Bank
    N.A.
    $25,000
     
    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
  • 2
    LOCAL CD
    1.01%
    -
    $50,000
    24 Month
    Credit Union
    1.53x (National Avg. - 0.66%)
    $100,000
     
    SCENARIO
    Year Rate
    1.01%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 503 352
    2 50,503 508 355
    3 51,010 513 359
    4 51,523 518 362
    5 52,041 523 366
    6 52,564 528 370
    7 53,092 534 374
    8 53,625 539 377
    9 54,164 544 381
    10 54,709 550 385
    11 55,258 555 389
    12 55,814 561 393
    13 56,375 567 397
    14 56,941 572 401
    15 57,514 578 405
    16 58,092 584 409
    17 58,675 590 413
    18 59,265 596 417
    19 59,861 602 421
    20 60,462 608 425
    TOTAL $11,070 $7,749

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

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