Compare Savings vs. CDs
Comparison of Deposit Account from WESTEX with 0.88% - March 2024


Long-Term Analysis of WESTEX with 0.88% 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
    0.88%
    -
    $50,000
    6 Month
    Credit Union
    2.23x (National Avg. - 0.40%)
    $100,000
     
    SCENARIO
    Year Rate
    0.88%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 442 309
    2 50,442 446 312
    3 50,888 450 315
    4 51,338 454 318
    5 51,792 458 320
    6 52,249 462 323
    7 52,711 466 326
    8 53,177 470 329
    9 53,647 474 332
    10 54,122 478 335
    11 54,600 483 338
    12 55,083 487 341
    13 55,570 491 344
    14 56,061 496 347
    15 56,556 500 350
    16 57,056 504 353
    17 57,561 509 356
    18 58,070 513 359
    19 58,583 518 363
    20 59,101 522 366
    TOTAL $9,623 $6,736

    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.