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Suggestion: Interval Option/Parameter On CD EWP Calculator?

cumulus
cumulus   |     |   1,048 posts since 2010

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%




Ken Tumin
Ken Tumin   |     |   5,997 posts since 2009
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.
cumulus
cumulus   |     |   1,048 posts since 2010
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.


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