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Comparison of Deposit Account from SOUTHBRIDGE with 0.60% - May 2024


Long-Term Analysis of CHARTWAY with 1.00% APY and SOUTHBRIDGE with 0.60% APY and FRIENDS AND FAMILY CREDIT UNION INC with 0.45% APY and FRIENDS AND FAMILY CREDIT UNION INC with 0.75% APY and The First National Bank of Waverly with 0.20% APY and Bank 7 with 1.11% APY and Southwestern National Bank with 0.83% APY and Community Bank with 0.45% APY and RADIFI with 3.20% APY and VIRGINIA CREDIT UNION, INC., with 0.05% 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
    N.A.
    CHARTWAY
    1.00%
    -
    $50,000
    N.A.
    Credit Union
    N.A.
    $250,000
     
    SCENARIO
    Year Rate
    1.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 500 350
    2 50,500 505 354
    3 51,005 510 357
    4 51,515 515 361
    5 52,030 520 364
    6 52,551 526 368
    7 53,076 531 372
    8 53,607 536 375
    9 54,143 541 379
    10 54,684 547 383
    11 55,231 552 387
    12 55,783 558 390
    13 56,341 563 394
    14 56,905 569 398
    15 57,474 575 402
    16 58,048 580 406
    17 58,629 586 410
    18 59,215 592 415
    19 59,807 598 419
    20 60,405 604 423
    TOTAL $11,010 $7,707
  • 2
    LOCAL CD
    SOUTHBRIDGE
    0.60%
    -
    $50,000
    12 Month
    Credit Union
    0.72x (National Avg. - 0.84%)
    $100,000
     
    SCENARIO
    Year Rate
    0.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 300 210
    2 50,300 302 211
    3 50,602 304 213
    4 50,905 305 214
    5 51,211 307 215
    6 51,518 309 216
    7 51,827 311 218
    8 52,138 313 219
    9 52,451 315 220
    10 52,766 317 222
    11 53,082 318 223
    12 53,401 320 224
    13 53,721 322 226
    14 54,044 324 227
    15 54,368 326 228
    16 54,694 328 230
    17 55,022 330 231
    18 55,352 332 232
    19 55,684 334 234
    20 56,019 336 235
    TOTAL $6,355 $4,448
  • 3
    LOCAL CD
    FRIENDS AND FAMILY CREDIT UNION INC
    0.45%
    -
    $50,000
    36 Month
    Credit Union
    0.52x (National Avg. - 0.87%)
    $100,000
     
    SCENARIO
    Year Rate
    0.45%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 225 158
    2 50,225 226 158
    3 50,451 227 159
    4 50,678 228 160
    5 50,906 229 160
    6 51,135 230 161
    7 51,365 231 162
    8 51,596 232 163
    9 51,829 233 163
    10 52,062 234 164
    11 52,296 235 165
    12 52,531 236 165
    13 52,768 237 166
    14 53,005 239 167
    15 53,244 240 168
    16 53,483 241 168
    17 53,724 242 169
    18 53,966 243 170
    19 54,209 244 171
    20 54,453 245 172
    TOTAL $4,698 $3,288
  • 4
    LOCAL CD
    FRIENDS AND FAMILY CREDIT UNION INC
    0.75%
    -
    $50,000
    60 Month
    Credit Union
    0.82x (National Avg. - 0.91%)
    $100,000
     
    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
  • 5
    LOCAL CD
    The First National Bank of Waverly
    0.20%
    -
    $50,000
    18 Month
    Bank
    0.28x (National Avg. - 0.73%)
    $100,000
     
    SCENARIO
    Year Rate
    0.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 100 70
    2 50,100 100 70
    3 50,200 100 70
    4 50,301 101 70
    5 50,401 101 71
    6 50,502 101 71
    7 50,603 101 71
    8 50,704 101 71
    9 50,806 102 71
    10 50,907 102 71
    11 51,009 102 71
    12 51,111 102 72
    13 51,213 102 72
    14 51,316 103 72
    15 51,418 103 72
    16 51,521 103 72
    17 51,624 103 72
    18 51,727 103 72
    19 51,831 104 73
    20 51,935 104 73
    TOTAL $2,038 $1,427
  • 6
    LOCAL CD
    Bank 7
    1.11%
    -
    $50,000
    48 Month
    Bank
    1.16x (National Avg. - 0.95%)
    $10,000
     
    SCENARIO
    Year Rate
    1.11%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 553 387
    2 50,553 559 391
    3 51,112 565 396
    4 51,677 572 400
    5 52,249 578 405
    6 52,827 584 409
    7 53,411 591 414
    8 54,002 597 418
    9 54,599 604 423
    10 55,203 611 427
    11 55,814 617 432
    12 56,431 624 437
    13 57,055 631 442
    14 57,686 638 447
    15 58,324 645 452
    16 58,969 652 457
    17 59,621 659 462
    18 60,281 667 467
    19 60,947 674 472
    20 61,621 682 477
    TOTAL $12,303 $8,612
  • 7
    LOCAL CD
    Southwestern National Bank
    0.83%
    -
    $50,000
    48 Month
    Bank
    0.87x (National Avg. - 0.95%)
    $10,000
     
    SCENARIO
    Year Rate
    0.83%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 413 289
    2 50,413 416 291
    3 50,828 419 294
    4 51,248 423 296
    5 51,671 426 298
    6 52,097 430 301
    7 52,527 433 303
    8 52,960 437 306
    9 53,397 441 308
    10 53,837 444 311
    11 54,282 448 313
    12 54,729 452 316
    13 55,181 455 319
    14 55,636 459 321
    15 56,095 463 324
    16 56,558 467 327
    17 57,025 470 329
    18 57,495 474 332
    19 57,969 478 335
    20 58,448 482 338
    TOTAL $8,930 $6,251
  • 8
    LOCAL CD
    Community Bank
    0.45%
    -
    $50,000
    24 Month
    Bank
    0.47x (National Avg. - 0.95%)
    $10,000
     
    SCENARIO
    Year Rate
    0.45%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 225 158
    2 50,225 226 158
    3 50,451 227 159
    4 50,678 228 160
    5 50,906 229 160
    6 51,135 230 161
    7 51,365 231 162
    8 51,596 232 163
    9 51,829 233 163
    10 52,062 234 164
    11 52,296 235 165
    12 52,531 236 165
    13 52,768 237 166
    14 53,005 239 167
    15 53,244 240 168
    16 53,483 241 168
    17 53,724 242 169
    18 53,966 243 170
    19 54,209 244 171
    20 54,453 245 172
    TOTAL $4,698 $3,288
  • 9
    LOCAL CD
    RADIFI
    3.20%
    -
    $50,000
    30 Month
    Credit Union
    N.A.
    $500
     
    SCENARIO
    Year Rate
    3.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,600 1,120
    2 51,600 1,651 1,156
    3 53,251 1,704 1,193
    4 54,955 1,759 1,231
    5 56,714 1,815 1,270
    6 58,529 1,873 1,311
    7 60,402 1,933 1,353
    8 62,334 1,995 1,396
    9 64,329 2,059 1,441
    10 66,388 2,124 1,487
    11 68,512 2,192 1,535
    12 70,704 2,263 1,584
    13 72,967 2,335 1,634
    14 75,302 2,410 1,687
    15 77,712 2,487 1,741
    16 80,198 2,566 1,796
    17 82,765 2,648 1,854
    18 85,413 2,733 1,913
    19 88,146 2,821 1,974
    20 90,967 2,911 2,038
    TOTAL $43,878 $30,715
  • 10
    LOCAL SAVINGS
    VIRGINIA CREDIT UNION, INC.,
    0.05%
    -
    $50,000
    N.A.
    Credit Union
    0.23x (National Avg. - 0.22%)
    $100
     
    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

    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.

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