$titleTerm = "Special " Compare Analysis of Millbury National Bank with 1.98% APY.


Compare Analysis of Millbury National Bank with 1.98% 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
    Millbury National Bank
    $50,000
    3 Month
    1.98%
    0.90x (National Avg. - 2.20%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.98%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 990 693
    2 50,990 1,010 707
    3 52,000 1,030 721
    4 53,029 1,050 735
    5 54,079 1,071 750
    6 55,150 1,092 764
    7 56,242 1,114 780
    8 57,355 1,136 795
    9 58,491 1,158 811
    10 59,649 1,181 827
    11 60,830 1,204 843
    12 62,035 1,228 860
    13 63,263 1,253 877
    14 64,516 1,277 894
    15 65,793 1,303 912
    16 67,096 1,328 930
    17 68,424 1,355 948
    18 69,779 1,382 967
    19 71,161 1,409 986
    20 72,570 1,437 1,006
    TOTAL $24,007 $16,805