Compare Savings vs. CDs
Comparison of Deposit Account from Southwestern National Bank with 0.68% - May 2024


Long-Term Analysis of Southwestern National Bank with 0.68% 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
    0.68%
    -
    $50,000
    18 Month
    Bank
    0.93x (National Avg. - 0.73%)
    $100,000
     
    SCENARIO
    Year Rate
    0.68%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 338 236
    2 50,338 340 238
    3 50,677 342 239
    4 51,019 344 241
    5 51,364 347 243
    6 51,710 349 244
    7 52,059 351 246
    8 52,411 354 248
    9 52,765 356 249
    10 53,121 359 251
    11 53,479 361 253
    12 53,840 363 254
    13 54,204 366 256
    14 54,570 368 258
    15 54,938 371 260
    16 55,309 373 261
    17 55,682 376 263
    18 56,058 378 265
    19 56,436 381 267
    20 56,817 384 268
    TOTAL $7,201 $5,041

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    6 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.