Compare Analysis of Bank of Newington with 1.33% 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.

$
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank of Newington
    $50,000
    60 Month
    1.33%
    1.45x (National Avg. - 0.92%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.33%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 665 466
    2 50,665 674 472
    3 51,339 683 478
    4 52,022 692 484
    5 52,714 701 491
    6 53,415 710 497
    7 54,125 720 504
    8 54,845 729 511
    9 55,574 739 517
    10 56,313 749 524
    11 57,062 759 531
    12 57,821 769 538
    13 58,590 779 545
    14 59,370 790 553
    15 60,159 800 560
    16 60,959 811 568
    17 61,770 822 575
    18 62,592 832 583
    19 63,424 844 590
    20 64,268 855 598
    TOTAL $15,122 $10,586