• Home
  • Compare Products

Compare Savings vs. CDs
Comparison of Deposit Account from SHARE ADVANTAGE with 1.15% - May 2024


Long-Term Analysis of Jefferson Security Bank with 0.75% APY and The Harbor Bank of Maryland with 0.40% APY and SHARE ADVANTAGE with 1.15% APY and Bank of Springfield with 0.41% APY and VIRGINIA CREDIT UNION, INC., with 4.27% 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.

You May Choose More Savings or CD Products From Among these Popular Products to Compare

 
$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    Jefferson Security Bank
    0.75%
    -
    $50,000
    60 Month
    Bank
    0.82x (National Avg. - 0.91%)
    $10,000
     
    SCENARIO
    Year Rate
    0.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 375 263
    2 50,375 378 264
    3 50,753 381 266
    4 51,133 384 268
    5 51,517 386 270
    6 51,903 389 272
    7 52,293 392 275
    8 52,685 395 277
    9 53,080 398 279
    10 53,478 401 281
    11 53,879 404 283
    12 54,283 407 285
    13 54,690 410 287
    14 55,101 413 289
    15 55,514 416 291
    16 55,930 419 294
    17 56,350 423 296
    18 56,772 426 298
    19 57,198 429 300
    20 57,627 432 303
    TOTAL $8,059 $5,641
  • 2
    LOCAL CD
    The Harbor Bank of Maryland
    0.40%
    -
    $50,000
    60 Month
    Bank
    0.44x (National Avg. - 0.91%)
    $10,000
     
    SCENARIO
    Year Rate
    0.40%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 200 140
    2 50,200 201 141
    3 50,401 202 141
    4 50,602 202 142
    5 50,805 203 142
    6 51,008 204 143
    7 51,212 205 143
    8 51,417 206 144
    9 51,623 206 145
    10 51,829 207 145
    11 52,036 208 146
    12 52,245 209 146
    13 52,454 210 147
    14 52,663 211 147
    15 52,874 211 148
    16 53,085 212 149
    17 53,298 213 149
    18 53,511 214 150
    19 53,725 215 150
    20 53,940 216 151
    TOTAL $4,156 $2,909
  • 3
    LOCAL CD
    SHARE ADVANTAGE
    1.15%
    -
    $50,000
    36 Month
    Credit Union
    1.32x (National Avg. - 0.87%)
    $100,000
     
    SCENARIO
    Year Rate
    1.15%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 575 403
    2 50,575 582 407
    3 51,157 588 412
    4 51,745 595 417
    5 52,340 602 421
    6 52,942 609 426
    7 53,551 616 431
    8 54,167 623 436
    9 54,789 630 441
    10 55,420 637 446
    11 56,057 645 451
    12 56,702 652 456
    13 57,354 660 462
    14 58,013 667 467
    15 58,680 675 472
    16 59,355 683 478
    17 60,038 690 483
    18 60,728 698 489
    19 61,427 706 494
    20 62,133 715 500
    TOTAL $12,847 $8,993
  • 4
    LOCAL CD
    Bank of Springfield
    0.41%
    -
    $50,000
    18 Month
    Bank
    0.57x (National Avg. - 0.73%)
    $10,000
     
    SCENARIO
    Year Rate
    0.41%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 205 144
    2 50,205 206 144
    3 50,411 207 145
    4 50,618 208 145
    5 50,825 208 146
    6 51,033 209 146
    7 51,243 210 147
    8 51,453 211 148
    9 51,664 212 148
    10 51,876 213 149
    11 52,088 214 149
    12 52,302 214 150
    13 52,516 215 151
    14 52,732 216 151
    15 52,948 217 152
    16 53,165 218 153
    17 53,383 219 153
    18 53,602 220 154
    19 53,821 221 154
    20 54,042 222 155
    TOTAL $4,264 $2,985
  • 5
    LOCAL CD
    VIRGINIA CREDIT UNION, INC.,
    4.27%
    -
    $50,000
    12 Month
    Credit Union
    5.10x (National Avg. - 0.84%)
    $5,000
     
    SCENARIO
    Year Rate
    4.27%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,135 1,495
    2 52,135 2,226 1,558
    3 54,361 2,321 1,625
    4 56,682 2,420 1,694
    5 59,103 2,524 1,767
    6 61,626 2,631 1,842
    7 64,258 2,744 1,921
    8 67,002 2,861 2,003
    9 69,863 2,983 2,088
    10 72,846 3,111 2,177
    11 75,956 3,243 2,270
    12 79,200 3,382 2,367
    13 82,581 3,526 2,468
    14 86,108 3,677 2,574
    15 89,784 3,834 2,684
    16 93,618 3,998 2,798
    17 97,616 4,168 2,918
    18 101,784 4,346 3,042
    19 106,130 4,532 3,172
    20 110,662 4,725 3,308
    TOTAL $65,387 $45,771

    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.

    Pinterest

    Featured on:

    Copyright © 2024 BestCashCow.com, LLC. All Rights Reserved. Our Terms and Conditions. Privacy Policy + CCPA.

    Disclosure Governing Your Use of this Website | Advertising Disclosure |  

    Last Update on May 15, 2024

    This page was created in 0.1333 seconds.