Compare Analysis of Mccoy with 2.89% 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
    60 Month
    2.89%
    3.15x (National Avg. - 0.92%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.89%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,444 1,011
    2 51,444 1,486 1,040
    3 52,930 1,529 1,070
    4 54,458 1,573 1,101
    5 56,031 1,618 1,133
    6 57,649 1,665 1,165
    7 59,314 1,713 1,199
    8 61,027 1,762 1,234
    9 62,790 1,813 1,269
    10 64,603 1,866 1,306
    11 66,469 1,920 1,344
    12 68,388 1,975 1,383
    13 70,363 2,032 1,422
    14 72,395 2,091 1,464
    15 74,486 2,151 1,506
    16 76,637 2,213 1,549
    17 78,851 2,277 1,594
    18 81,128 2,343 1,640
    19 83,471 2,411 1,687
    20 85,882 2,480 1,736
    TOTAL $38,362 $26,853