Compare Analysis of Mccoy with 2.32% 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
    2.32%
    3.52x (National Avg. - 0.66%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.32%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,162 813
    2 51,162 1,189 832
    3 52,351 1,217 852
    4 53,568 1,245 871
    5 54,813 1,274 892
    6 56,086 1,303 912
    7 57,390 1,334 934
    8 58,724 1,365 955
    9 60,088 1,396 978
    10 61,485 1,429 1,000
    11 62,914 1,462 1,023
    12 64,376 1,496 1,047
    13 65,872 1,531 1,072
    14 67,403 1,566 1,097
    15 68,969 1,603 1,122
    16 70,572 1,640 1,148
    17 72,212 1,678 1,175
    18 73,890 1,717 1,202
    19 75,608 1,757 1,230
    20 77,365 1,798 1,259
    TOTAL $29,163 $20,414