Compare Savings vs. CDs
Comparison of Deposit Account from Woodruff Federal Savings and Loan Association with 5.10% - May 2024


Long-Term Analysis of Woodruff Federal Savings and Loan Association with 5.10% 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
    5.10%
    -
    $50,000
    6 Month
    Bank
    7.44x (National Avg. - 0.69%)
    $1,000
     
    SCENARIO
    Year Rate
    5.10%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,548 1,783
    2 52,548 2,677 1,874
    3 55,225 2,814 1,970
    4 58,038 2,957 2,070
    5 60,996 3,108 2,175
    6 64,103 3,266 2,286
    7 67,369 3,432 2,403
    8 70,802 3,607 2,525
    9 74,409 3,791 2,654
    10 78,200 3,984 2,789
    11 82,185 4,187 2,931
    12 86,372 4,401 3,080
    13 90,773 4,625 3,237
    14 95,397 4,860 3,402
    15 100,258 5,108 3,576
    16 105,366 5,368 3,758
    17 110,734 5,642 3,949
    18 116,376 5,929 4,151
    19 122,306 6,231 4,362
    20 128,537 6,549 4,584
    TOTAL $85,086 $59,560

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    6 Month CD Special. 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.
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    Last change: ↑0.20% on September 8, 2023.
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