Compare Savings vs. CDs
Comparison of Deposit Account from SPACE COAST with 3.07% - April 2024


Long-Term Analysis of SPACE COAST with 3.07% 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
    3.07%
    -
    $50,000
    6 Month
    Credit Union
    7.69x (National Avg. - 0.40%)
    $500
     
    SCENARIO
    Year Rate
    3.07%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,535 1,075
    2 51,535 1,582 1,107
    3 53,117 1,631 1,141
    4 54,748 1,681 1,177
    5 56,429 1,732 1,213
    6 58,161 1,786 1,250
    7 59,946 1,840 1,288
    8 61,787 1,897 1,328
    9 63,684 1,955 1,369
    10 65,639 2,015 1,411
    11 67,654 2,077 1,454
    12 69,731 2,141 1,499
    13 71,872 2,206 1,545
    14 74,078 2,274 1,592
    15 76,352 2,344 1,641
    16 78,696 2,416 1,691
    17 81,112 2,490 1,743
    18 83,602 2,567 1,797
    19 86,169 2,645 1,852
    20 88,814 2,727 1,909
    TOTAL $41,541 $29,079

    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%.

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    3 Month CD.

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    Warning: Early Withdrawal Penalty is 12 Months interest.

    Last change: ↑0.20% on September 8, 2023.
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