Compare Savings vs. CDs
Comparison of Deposit Account from TEXAS PEOPLE with 3.48% - April 2024


Long-Term Analysis of TEXAS PEOPLE with 3.48% 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
    3.48%
    -
    $50,000
    48 Month
    Credit Union
    4.30x (National Avg. - 0.81%)
    $1,000
     
    SCENARIO
    Year Rate
    3.48%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,740 1,218
    2 51,740 1,801 1,260
    3 53,541 1,863 1,304
    4 55,404 1,928 1,350
    5 57,332 1,995 1,397
    6 59,327 2,065 1,445
    7 61,392 2,136 1,495
    8 63,528 2,211 1,548
    9 65,739 2,288 1,601
    10 68,026 2,367 1,657
    11 70,394 2,450 1,715
    12 72,843 2,535 1,774
    13 75,378 2,623 1,836
    14 78,002 2,714 1,900
    15 80,716 2,809 1,966
    16 83,525 2,907 2,035
    17 86,432 3,008 2,105
    18 89,439 3,112 2,179
    19 92,552 3,221 2,255
    20 95,773 3,333 2,333
    TOTAL $49,106 $34,374

    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: ↑0.46% on December 15, 2023.
    3 Month CD.

    Last change: ↑0.60% on April 19.
    Warning: Early Withdrawal Penalty is 12 Months interest.

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

    Last change: ↓0.05% on March 15.
    3 Month CD.