Compare Savings vs. CDs
Comparison of Deposit Account from Wakefield Co-operative Bank with 1.50% - August 2025


Long-Term Analysis of Wakefield Co-operative Bank with 2.00% APY and Wakefield Co-operative Bank with 2.15% APY and Wakefield Co-operative Bank with 1.50% 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
    2.00%
    -
    $50,000
    48 Month
    Bank
    2.45x (National Avg. - 0.82%)
    $500
     
    SCENARIO
    Year Rate
    2.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,000 700
    2 51,000 1,020 714
    3 52,020 1,040 728
    4 53,060 1,061 743
    5 54,122 1,082 758
    6 55,204 1,104 773
    7 56,308 1,126 788
    8 57,434 1,149 804
    9 58,583 1,172 820
    10 59,755 1,195 837
    11 60,950 1,219 853
    12 62,169 1,243 870
    13 63,412 1,268 888
    14 64,680 1,294 906
    15 65,974 1,319 924
    16 67,293 1,346 942
    17 68,639 1,373 961
    18 70,012 1,400 980
    19 71,412 1,428 1,000
    20 72,841 1,457 1,020
    TOTAL $24,297 $17,008
  • 2
    LOCAL CD
    2.15%
    -
    $50,000
    60 Month
    Bank
    2.34x (National Avg. - 0.92%)
    $500
     
    SCENARIO
    Year Rate
    2.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,075 753
    2 51,075 1,098 769
    3 52,173 1,122 785
    4 53,295 1,146 802
    5 54,441 1,170 819
    6 55,611 1,196 837
    7 56,807 1,221 855
    8 58,028 1,248 873
    9 59,276 1,274 892
    10 60,550 1,302 911
    11 61,852 1,330 931
    12 63,182 1,358 951
    13 64,540 1,388 971
    14 65,928 1,417 992
    15 67,345 1,448 1,014
    16 68,793 1,479 1,035
    17 70,272 1,511 1,058
    18 71,783 1,543 1,080
    19 73,326 1,577 1,104
    20 74,903 1,610 1,127
    TOTAL $26,513 $18,559
  • 3
    LOCAL MONEY MARKET
    1.50%
    -
    $50,000
    N.A.
    Bank
    1.63x (National Avg. - 0.92%)
    $250,000
     
    SCENARIO
    Year Rate
    1.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 750 525
    2 50,750 761 533
    3 51,511 773 541
    4 52,284 784 549
    5 53,068 796 557
    6 53,864 808 566
    7 54,672 820 574
    8 55,492 832 583
    9 56,325 845 591
    10 57,169 858 600
    11 58,027 870 609
    12 58,897 883 618
    13 59,781 897 628
    14 60,678 910 637
    15 61,588 924 647
    16 62,512 938 656
    17 63,449 952 666
    18 64,401 966 676
    19 65,367 981 686
    20 66,348 995 697
    TOTAL $17,343 $12,140

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↓0.50% on October 1, 2024.

    Last change: ↑0.20% on January 18.

    Last change: ↑0.10% on July 13.

    Last change: ↑0.40% on June 24.
    Early withdrawal penalty is 3 Months' Interest.

    Last change: ↓0.05% on August 2.
    7-Month CD.