Compare Savings vs. CDs
Comparison of Deposit Account from WESTEX with 1.09% - January 2021


Long-Term Analysis of WESTEX with 1.09% 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
    1.09%
    -
    $50,000
    24 Month
    Credit Union
    2.02x (National Avg. - 0.54%)
    $100,000
     
    SCENARIO
    Year Rate
    1.09%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 543 380
    2 50,543 548 384
    3 51,091 554 388
    4 51,645 560 392
    5 52,206 566 397
    6 52,772 573 401
    7 53,345 579 405
    8 53,923 585 410
    9 54,508 591 414
    10 55,100 598 418
    11 55,698 604 423
    12 56,302 611 428
    13 56,913 618 432
    14 57,530 624 437
    15 58,155 631 442
    16 58,786 638 446
    17 59,423 645 451
    18 60,068 652 456
    19 60,720 659 461
    20 61,379 666 466
    TOTAL $12,045 $8,431

    All calculations are for demonstration purposes only.