Compare Savings vs. CDs
Comparison of Deposit Account from The Callaway Bank with 0.84% - May 2024


Long-Term Analysis of The Callaway Bank with 0.84% 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
    0.84%
    -
    $50,000
    24 Month
    Bank
    0.89x (National Avg. - 0.95%)
    $100,000
     
    SCENARIO
    Year Rate
    0.84%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 422 295
    2 50,422 425 298
    3 50,847 429 300
    4 51,275 432 303
    5 51,707 436 305
    6 52,143 440 308
    7 52,583 443 310
    8 53,026 447 313
    9 53,473 451 316
    10 53,924 455 318
    11 54,379 458 321
    12 54,837 462 324
    13 55,299 466 326
    14 55,765 470 329
    15 56,236 474 332
    16 56,710 478 335
    17 57,188 482 337
    18 57,670 486 340
    19 58,156 490 343
    20 58,646 494 346
    TOTAL $9,141 $6,398

    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.
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