Compare Analysis of Mccoy with 2.22% 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
    Mccoy
    $50,000
    24 Month
    2.22%
    3.37x (National Avg. - 0.66%)
    $5,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.22%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,111 778
    2 51,111 1,136 795
    3 52,247 1,161 813
    4 53,408 1,187 831
    5 54,594 1,213 849
    6 55,807 1,240 868
    7 57,047 1,268 887
    8 58,315 1,296 907
    9 59,611 1,325 927
    10 60,935 1,354 948
    11 62,289 1,384 969
    12 63,673 1,415 990
    13 65,088 1,446 1,012
    14 66,534 1,478 1,035
    15 68,013 1,511 1,058
    16 69,524 1,545 1,081
    17 71,069 1,579 1,105
    18 72,648 1,614 1,130
    19 74,262 1,650 1,155
    20 75,912 1,687 1,181
    TOTAL $27,599 $19,319