Compare Savings vs. CDs
Comparison of Deposit Account from WESTEX with 0.68% - March 2024


Long-Term Analysis of WESTEX with 0.68% 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
    0.68%
    -
    $50,000
    6 Month
    Credit Union
    1.72x (National Avg. - 0.40%)
    $10,000
     
    SCENARIO
    Year Rate
    0.68%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 341 239
    2 50,341 343 240
    3 50,684 346 242
    4 51,030 348 244
    5 51,378 350 245
    6 51,728 353 247
    7 52,081 355 249
    8 52,436 358 250
    9 52,794 360 252
    10 53,154 363 254
    11 53,517 365 255
    12 53,882 367 257
    13 54,249 370 259
    14 54,619 373 261
    15 54,992 375 263
    16 55,367 378 264
    17 55,744 380 266
    18 56,124 383 268
    19 56,507 385 270
    20 56,892 388 272
    TOTAL $7,280 $5,096

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    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.

    Last change: ↑0.20% on September 8, 2023.

    Last change: ↓0.05% on March 15.

    Last change: ↑0.09% on March 12.