Compare Analysis of Mccoy with 1.71% 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
    6 Month
    1.71%
    4.22x (National Avg. - 0.41%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.71%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 857 600
    2 50,857 871 610
    3 51,728 886 620
    4 52,614 901 631
    5 53,515 917 642
    6 54,432 932 653
    7 55,364 948 664
    8 56,313 965 675
    9 57,277 981 687
    10 58,258 998 699
    11 59,256 1,015 711
    12 60,271 1,032 723
    13 61,304 1,050 735
    14 62,354 1,068 748
    15 63,422 1,086 760
    16 64,509 1,105 774
    17 65,614 1,124 787
    18 66,737 1,143 800
    19 67,881 1,163 814
    20 69,044 1,183 828
    TOTAL $20,226 $14,158