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Suggestion: Interval Option/Parameter On CD EWP Calculator?

Monday, July 22, 2013 - 9:46 PM
Instead of always listing monthly values with the CD early withdrawal
penalty calculator
, how about implementing an option to allow for less
frequent entries?  Leaving the default option monthly would mean no
surprises/shocks to existing users.  Offering intervals of say 1 year,
6 months, 3 months would allow for less cluttered more meaningful
comparisons to some (me).  Sometimes less is more.  Thanks.

Example for 6 month interval:
=============================
Effective APY
                      Ally         A+.25      iGO
Term            5 Yr(s)    5 Yr(s)    5 Yr(s)
APY             1.50%    1.75%     2.05%
Penalty          2 Mo.    2 Mo.      6 Mo.
---------          -------       -----         -----
6 Months      1.00%    1.17%    0.00%
12 Months    1.25%    1.46%    1.02%
18 Months    1.33%    1.56%    1.37%
24 Months    1.38%    1.60%    1.54%
30 Months    1.40%    1.63%    1.64%
36 Months    1.42%    1.65%    1.71%
42 Months    1.43%    1.67%    1.76%
48 Months    1.44%    1.68%    1.79%
54 Months    1.44%    1.69%    1.82%
60 Months    1.50%    1.75%    2.05%
3
cumuluscumulus335 posts since
Jan 16, 2010
Rep Points: 1,571
1. Wednesday, July 24, 2013 - 9:49 AM
Thanks cumulus for the suggestion. That is a good idea, but I don't know how much work this might require from a technical point-of-view. I'll forward the suggestion to my technical partner.
3
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
2. Wednesday, July 24, 2013 - 8:31 PM
Hopefully this would be a "small change" to filter existing output
to correspond to the interval option---the meat & potatoes of the
tool remaining as is.  In any case, thanks much for considering it.
2
cumuluscumulus335 posts since
Jan 16, 2010
Rep Points: 1,571
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