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Comparison of Deposit Account from Wells Fargo Bank, National Association with 0.05% - November 2020

Long-Term Analysis of Wells Fargo Bank, National Association with 0.05% 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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Amount

Type

Term

State

Product Name

PRODUCT

BANK

APY

STATE

AMOUNT

TERM

BANK TYPE

VS.NAT.AV.

MIN

LOCAL CD

Wells Fargo Bank, National Association

0.05%

$50,000

60 Month

Bank

0.06x (National Avg. - 0.81%)

$100,000

SCENARIO

Year	Rate 0.05%	Annual Interest	Annual Interest (After Tax)
1	50,000	25	18
2	50,025	25	18
3	50,050	25	18
4	50,075	25	18
5	50,100	25	18
6	50,125	25	18
7	50,150	25	18
8	50,175	25	18
9	50,200	25	18
10	50,225	25	18
11	50,251	25	18
12	50,276	25	18
13	50,301	25	18
14	50,326	25	18
15	50,351	25	18
16	50,376	25	18
17	50,402	25	18
18	50,427	25	18
19	50,452	25	18
20	50,477	25	18
	TOTAL	$502	$352

All calculations are for demonstration purposes only.

Compare Savings vs. CDs Comparison of Deposit Account from Wells Fargo Bank, National Association with 0.05% - November 2020

Long-Term Analysis of Wells Fargo Bank, National Association with 0.05% APY

Compare Savings vs. CDs
Comparison of Deposit Account from Wells Fargo Bank, National Association with 0.05% - November 2020