Compare Savings vs. CDs
Comparison of Deposit Account from Today's Bank with 0.45% - May 2024


Long-Term Analysis of Today's Bank with 0.45% 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
    0.45%
    -
    $50,000
    12 Month
    Bank
    0.81x (National Avg. - 0.56%)
    $10,000
     
    SCENARIO
    Year Rate
    0.45%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 225 157
    2 50,225 226 158
    3 50,450 227 159
    4 50,677 228 159
    5 50,904 229 160
    6 51,133 230 161
    7 51,362 231 161
    8 51,593 232 162
    9 51,824 233 163
    10 52,057 234 164
    11 52,291 235 164
    12 52,526 236 165
    13 52,762 237 166
    14 52,998 238 167
    15 53,236 239 167
    16 53,475 240 168
    17 53,716 241 169
    18 53,957 242 170
    19 54,199 243 170
    20 54,442 244 171
    TOTAL $4,687 $3,281

    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.