Compare Savings vs. CDs
Comparison of Deposit Account from SECURITY SERVICE with 2.95% - October 2024


Long-Term Analysis of SECURITY SERVICE with 2.95% 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
    2.95%
    -
    $50,000
    12 Month
    Credit Union
    5.32x (National Avg. - 0.56%)
    $25,000
     
    SCENARIO
    Year Rate
    2.95%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,475 1,033
    2 51,475 1,519 1,063
    3 52,994 1,563 1,094
    4 54,557 1,609 1,127
    5 56,166 1,657 1,160
    6 57,823 1,706 1,194
    7 59,529 1,756 1,229
    8 61,285 1,808 1,266
    9 63,093 1,861 1,303
    10 64,954 1,916 1,341
    11 66,870 1,973 1,381
    12 68,843 2,031 1,422
    13 70,874 2,091 1,464
    14 72,965 2,152 1,507
    15 75,117 2,216 1,551
    16 77,333 2,281 1,597
    17 79,614 2,349 1,644
    18 81,963 2,418 1,693
    19 84,381 2,489 1,742
    20 86,870 2,563 1,794
    TOTAL $39,433 $27,603

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↑0.05% on August 24.
    Warning: Early withdrawal penalty equals six months of interest.

    Last change: ↓0.45% on May 13.
    6 Month CD.

    Last change: ↓0.10% on October 7.

    Last change: ↓0.51% on October 1.
    3 Month CD.