$titleTerm = "Special " Compare Analysis of Minnequa Works with 5.30% APY.


Compare Analysis of Minnequa Works with 5.30% 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
    Minnequa Works
    $50,000
    12 Month
    5.30%
    9.62x (National Avg. - 0.55%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    5.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,651 1,856
    2 52,651 2,792 1,954
    3 55,443 2,940 2,058
    4 58,382 3,095 2,167
    5 61,478 3,260 2,282
    6 64,737 3,432 2,403
    7 68,169 3,614 2,530
    8 71,784 3,806 2,664
    9 75,590 4,008 2,805
    10 79,598 4,220 2,954
    11 83,818 4,444 3,111
    12 88,262 4,680 3,276
    13 92,941 4,928 3,449
    14 97,869 5,189 3,632
    15 103,058 5,464 3,825
    16 108,522 5,754 4,028
    17 114,276 6,059 4,241
    18 120,335 6,380 4,466
    19 126,715 6,718 4,703
    20 133,434 7,075 4,952
    TOTAL $90,508 $63,356